On December 31, I will buy SWS that afternoon. The stock price may be as low as 20. I will keep my short at 31 7/8 for the next few weeks. But I always have a stop loss on the short when I am in the money. Guru Von1230
I am glad that you made money from shorting SWS. However, I don't think it is a good practice to post message to hype or threat any stock. People do this just to fit the purpose, no matter "pump and dump" or "short" like you.
I like to go back to fundamental about SWS. 1. MDB top 10 online broker rating(from Gomez.com) 2. low pe(undervalue) 3. growth sector + 4. internet related(trading volume exploding) 5. NITE shareholder(1.7 x 2 = 3.4 million shrs) 6. Brokage and Clearing business(profitable business)
Is Y2K a threat? Is interest rate a threat?
Y2K => Less trading volume. I doubted it. Whenever there is a transcation, brokage firm make money, no matter you long or short, put or call. People pull money from stock market, involve trading also => trading volume increase. If market has a tendency to go down, people tend to short stock. Again there is volume eventually. Option trading is also trading. Less volume. I don't think so. More volatile, I agree.
Interest rate=> People borrow money to trade will get hurt. If you think that is the case, that is true. But I don't think it will affect people not to trade.
Question: on what basis do you think this stock will go down to 20? This stock is down for only ONE reason.. that is due to interest rate fears. This is evident in the fact that the on-line broker and whole financial sector is down right now. SWS is a sleeping giant. They have profitability, increasing recognition, an on-line brokerage, significant market cap, profitability, low p-e, AND 1.7 million shares in NITE. Go ahead and short this stock if you dare. It has only up-ward potential from here.