Problem is that I don't know when it will top out and I want to be in on the ride down... I can average out but I can't do it when I HAVEN'T taken a position. And I work so can't monitor the exact price to go long or short.
The insiders are selling. I was on the sidelines on MIK and somebody warned about the insiders, and it cratered. Same $45-49 price range.
I am hoping to be in the haircut of $5 or so. I am not worried if it rises by a few dollars as I commited about 15% for this trade. And I don't daytrade, more like a week(s) trade. If you don't have a position then don't advise me, when you take a position we will start a argument. More likely, when you take a position I will be out of this stock. People can make money going long or going short. I missed going long but I sure want to make money going short.
And yes, some MM's may read this message board to shake out the weak longs and weak shorts.