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Diamond Foods, Inc. (DMND) Message Board

  • specific29@sbcglobal.net specific29 Mar 7, 2012 10:01 AM Flag

    A plan not to lose on conf call tomorrow

    It might seem a bit stupid at first, but I'd like your opinion. I dont own a whole lot of this, but seeing it has dropped from 95 to 21, and is now barely back up to 24, i got in long. Now I am reading about the walnut growers stories, and the re-release of proper numbers, and other negative reports linked in some of these posts.
    I was thinking, what if you were to double down on your investment, SHORT. If you own 500 shares long, then short 500 today just before closing (but dont sell your long)
    That way, should earnings and CC come out negative tomorrow and this thing tank, you wont lose a penny, because your long losses will be offset by your short gains. After the tanking, you could cover, and remain long. On the other hand, if this thing skyrockets, you wont gain, but can buy to cover your short quickly, and be back to your original long position as it continues to grow. (Dont forget about outside factors other than dmnd itself, i.e. stock market pull back, china news, israel/iran, greece, etc)

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DMND
27.53+0.20(+0.73%)Aug 20 4:00 PMEDT

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