Trading In the Clear: Defeat. Short Position Closed.
hhhhhmmmm just buy a bunch of XIN and forget about it for a few years. Shorting a stock worth $30+ now at $3.04 is beyond my comprehension.
PS if you want to make a bet with a big upside potential have a look at CPRX and their phase II b results due in first half of November
I hear ya stac. Can't see why anyone would want to attempt to short XIN. The risk of going up is a lot greater than the risk down. Especially when earnings are so close. I just hope we can stay above $3.00 a share for when earnings are announced.
Agreed, there's nothing guaranteed in this game, but I'm willing to hazard a prediction for tomorrow. I wouldn't be surprised if its trading pattern looks a lot like today's: open up, a good first hour, then not so good.