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Exelixis, Inc. Message Board

  • jonesdexter61 jonesdexter61 Apr 25, 2013 6:22 PM Flag

    When do we drop? I'm short on this thing. My fault for listening to Nomad.

    eom

    Sentiment: Strong Sell

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    • Why would you short a stock with a pattern like it has, potential to gap up dollars, with everything pointing to big success? No cash problems either. Exactly what did you expect from a short position? .10 to .25 against unlimited upside dollars? I said it before, this is about as stupid a short as a person can make. You short stocks where they have peaked out, are way over priced with little chance of big up move and greater chance of multiple dollars on the downside, or on some situation where there is a huge negative change taking place. That is not the situation here, it is the exact opposite, with in fact indications that this is possibly the start of the real move up and big increase in CAP and share price. Your problem now, unlike the trade I have said to be VERY DISCIPLINED on, buy on dips under $4.50 and sell on moves to $5 range. ANY look at the chart shows this to be a consistent winning trade all last year and beyond. Now you would be in cash on the trading side, and have a core position which is held. Most are not disciplined enough, so they jump in and out on emotional responses, which has been EXACTLY what the players here want you to do.
      AND NOW: it could jump dollars, it could pull back again, but to be short is a seriously bad risk/reward play. It is that simple. Good luck, you will need it.IMO

      Sentiment: Strong Buy

    • As soon as you cover, carpetbagger.

      Sentiment: Strong Buy

 
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