I am short the stock directly and have doubled down twice on the way up. I have been careful about when I did it and have an average cost of $17.18... so right here I am comfortable. I also know how much risk I am willing to take.
I may ultimately get my axx handed to me but this move isnt based on fundamentals. Frankly I dont like the action but we'll see.
Wrong again. I am short though options and my position is not underwater. I am not, in your words, losing my shorts.
Of course, if I were you, I wouldn't even have a position because I would be smart enough to have already sold something that's up this much in so little time. But it looks like you're going to to have to learn that the hard way, trashing me on this board all the way down.
Oh, yeah. Somebody else is a genius besides eagle, who's losing his shorts. Old eagle advised everybody to sell before Monday to avoid the big drop. Here we are heading into Thursday. I'm cool. I'm collected. I'm clear. But Eagle is losing his shorts. Still, eagle is happy because another genius "got it." Fab.
Your short position on CAKE is a loser. All the blather about CAKE being prime for shorts has been hot air. So each day you resort to a nonsensical benchmark of an $18-plus closing price. That number was dreamed up in your pinhead and nowhere else. It has no significance, no particular relevance, no importance.
Holding short from 18 after selling long position early @ 15. Cover @ 15ish. Then, re-short bounce and cover @ 11.75. Consumer is fried, IMO. But, don't really care if unemployment is really a 'lagging indicator' or not.
Nothing wrong with taking profits while the trend is up. Then take profits when the trend is down. Or am I missing something?