I shorted the first time in my life fb at 2k shares @ 19.66, then another 1000 at 22.
then they said on this board it won't go any higher so I doubled up 3k more @ 24.50
I am so far under water by listening to all the shorts on this board. they keep on raising the highs
Hey Cleveland: If you didn't already know not to take advice from this or any board, that will effect your bottom line, you do now. I read what is advised, and then do my own research, and have learned the hard way, to never short anything. You will have to decide, for yourself, what to do.
if you cover now, it is guaranteed to go down. On the other hand, if you short more...then it is bound to go up. It's kinda like heads I win, tails you lose. There is no way you will come out of this trade unscathed. So just accept your fate & continue to take losses.
Probably there are a few shorts left.
Look folks, you can't short FB anymore. Obviously many bag holder muppets like us bought out shares in the secondary markets and aren't selling under $25 anymore. Period.
The stock has performed quite well since hitting $18, and it is very likely to get right back to its IPO price in 3 months. If it beats expectations, look out.
You want to short a stock? Go short AAPL or LNKD.