cndd did that since some people believed a newsletter that said a price target of 34 or 38...one said 84 when the stock was 2 after it was 8.9 the day before after the company denied what people said the previous days...I missed it that day...could have bought at 3 and sold at 7.5 before it stopped at 8.32...(never seen anything like that...stayed at 8.32 for a half hour trading at 4 decimal places)...then it crashed to 5 something
this i understand but do you think they can fuel it by that much. I mean im a drunken short and some may call me mr. volatility i love the crazy movers both to the ups and downs but even yours truly wont go long a stock that up over 20-25% on the day
Give me your opinion on this: I've been short since late yesterday. Doubled down on the short this afternoon when it began the run up. When it kept going up, I hedged with a small long position to offset the short - just in case it got away from me. Here's what I'm thinking - I'm closing out the short around 10:00 tomorrow, waiting for the bounce, then dumping the long. Alternative is to hold the short, wait for the bounce, dump the long, and then ride the slow ride down to oblivion before closing out the short position. I'll get out w/ a profit - though I regret taking the hedge position (had to so I could sleep tonight). You know the GOAMer. What do you think she's gonna do ? I'll make my own decision, but curious to what you think since I've checked the board and you've been here for like - forever.