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Nautilus Inc. Message Board

  • astral_tsar astral_tsar Jun 12, 2003 11:06 PM Flag

    The stock may go much lower ... fact, I hope so as then I can buy it cheaper.

    In contrast to a short, however, I'm pretty flexible. I can buy another stock if NLS goes up. If it goes up to the $18 or so that a traditional P/E of 12 dictates, then I sell for nearly 50% profit.

    A short is much more constrained. If the price goes up too far then he will eventually fail to meet maintenance margin, get liquidated, and be forced to cover at a loss. Desperation is an occupational hazard of short selling.

    In principle, of course the stock could turn to 'vapor' as deposit so often insists it will. But since the company has been profitable for the past 32 consecutive quarters, has never borrowed a dime, and is loaded with cash, I'm kinda banking on it somehow staying in business.

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