I just shorted 400 shares @ 43.25 was this a bad idea, I think it was good, check out beatthedart.com, the Stocksmirf is almost always right and has a recommendation to short this ahead of earnings.....
I agree with you regards to many that will most probably take profits after 4 gaps up. The price might move to the 41-42 prior to the release of earnings. In addition, I believe that the company will not satisfy the expected estimates.
However, continues to remain dangerous; good luck to all shorts, including myself. :)
When a stock outperforms analysts estimates as many times as this one has, sometimes it takes more than another beat to push the stock up. Analysts might be looking for a certain number, but the market may very well be expecting something much higher, which is why its dangerous to be holding either long or short.
I noticed that you're desperately pumping this POS.
During previous discussions on this forum, you claimed that you purchased 1000 shares at $40 (i.e., $40,000 worth of shares), 2000 shares at $39.21 (i.e., $78,420 worth of shares), and 2000 additional shares today at an unspecified price (i.e., minimum of $86,000 value). You also claimed that you plan to purchase an additional 5000 shares at the $30 level.
If you believe that price will decrease to the $30's, then why did you purchase shares at such high prices?
"i listened to cramer. i did my homework and i brought 1000 at 40 and 2000 shares at 39.21. i hope all those morons sell at 30ish, i will pump more shares in to my profilio. planning to buy like 5000 shares at low 30ish"
Dude, learn to speak English before you try and insult me, I do realize that the next upcoming quarters should be big especially with Halo 3 coming out in September, but I believe this is already factored into the SP and we should see it sell of quite abit tomorrow because of profit taking......