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NorthStar Realty Finance Corp. Message Board

  • dar200 dar200 Dec 11, 2013 7:22 AM Flag

    Mother of squeezes today ???

    We could see a monster squeeze today. I don't have a clue as to how many shares will be sold to covering shorts at which prices. Will tutes take profits or wait for a much bigger payoff? Don't know and don't even have a feel for it. Uncharted territory for me. Remember, tutes own 79% of the float. There ain't enough retail shares to handle massive short covering.

    The point of the above is I want to sell a few flippers......and I suspect I am not alone. I will not enter a limit price before the market opens (as I sometimes do with flippers) because I have no idea what is going to happen today. I may not be at the computer today until about noon and don't want to leave too much on the table with too low a limit price. I thought of a trailing stop, but I suspect it's going to be a volatile day. I don't want to get stopped out too low only to have the price take off with more covering.

    Soooo, I'm going to wait until I can watch before I do anything.

    For those thinking about selling flippers I suggest you not let greed drive your actions. Don't chase a falling bid to try to beat the other guy out the profit door. IMO, the fast gain today will be much bigger six months from now after a 22 cent div in Feb and 23 in May.

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11.13-0.33(-2.88%)Feb 5 4:03 PMEST