I looked at the daily chart and it shows that this stock is overbought. I just shorted alot of share at 38.15 and all of the sudden it went up. what should I do? what do you all think will happen tommorrow and why?
please don't write B.S and answer in honesty of why you think that way
for all of you longs who think this is oversold and should go up, why do you think that? the stock went up from 24 to 40 in afew days and the daily chart shows is overbought the same thing that is showed at 24 when it was oversold. Second of all there are more headwinds coming up for the company. All those accusations have not been answered yet and the company rather than addressing those accusations just advertised it self. So I need to know why you think it will go up. Also for those who are writing there are no shares to short, cut the B.S, because I did it today with scottrade. and there are plenty available