When you get squeezed out that is when I will short. Go ahead. short here. Pain will be unbearable around 165 - 180. Yeah, you think that is too high, but that is what happens. Other shorts cover and longs don't jump off until price correction is evident. Markets go too high and too low.
Please tell me what other stocks you feel are timed right for a short.
LOL ,I love that "what other stocks is he shorting" These shorts have to have some type of brain disorder? they never learn been saying the same thing for the past yr.? then try to say they are making money LOL YA right! and they can't read a chart or disseminate any info on this market sector? they keep saying 75 to 150 PE LOL the real PE is the forward PE! around 30!NOT high for a growth CO like this AS long as earnings keep coming in as they have for the past 8 Q's it will hold and or keep going up. Look at the 17 mil volm on Friday on the fund S&P adjustment? these guys pushed it down all week with the help of the MM's to a price they wanted to buy in, only 10% ! So they will run it up for a min of 25% to 30% from here right to your 165 to 180.00 target! This IS NOT a short untill after the earnings(they moved it up early to Jan 19th) run up and the 165.00 or 180.00 price is hit!!!!! charts say maybe end of Jan to mid FEB 2011 JFYI
That heavy volume Friday had me thinking...are the new S&P index holders considered strong hands? If there are more owners of the stock who are less likely to trade, won't that effectively reduce the float leading to more volatility?