it's so freaking dead. Was up $3k 2 days ago and I had my finger on the trigger to dump it but the chart looked so good and I didn't. Today I picked up another 500 shares for a trade and I'm down $850 on that and $1,150 on the 1000 shares that I had before not to mention the 2k I lost yesterday. Makes for a lousy day
LOL, froggy. You've been holding since $80. You are lucky to break even. Oh, I forgot. You don't consider you lost any money because you didn't SELL!! In reality, DECK is only worth $37.12/share, not $80/share when you bought them.
I totally agree. I should have realized that shorts were swarming all over this and taken my 12% profit when I had it. Look at the weekly chart and it bounced right off the resistance at the 26 week EMA. On the daily, it touched the top of the Bollinger band and the upper trend line in what appears to be a triangle. The shorts here are totally in control.
So far shorts are in control and they already began to cover by pressing down the price. This strategy worked well so far as you can see short interest is decreased from 16.3 mil to 15.0 mil during the period from Dec 15-Dec 31 2012. Longs should be patient and quietly accumulate shares slowly by taking advantage the opportunity created by shorts.