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FirstEnergy Corp. Message Board

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  • darnoc1111 darnoc1111 Mar 4, 2010 10:35 PM Flag

    This is one "HIGH FLYING" stock, if you "SHORTED" it

    I get the idea you think that I shorted FE, I did not. I did make a nice gain on a short term trade. I think FE is being held down by the weak economy and as the economy grows so will FE, especially if they are able to acquire AYE. Right now with all the uncertainty with Obama trying to force gov. health care, cap and trade, restoration of taxes from Bush's tax cuts, and Obama's wanting to spend his way to prosperity does nothing to help FE or the market in general. I do own FE for your info. But if I can make a quick buck why not. When I see someone who has shorted a stock and the price rises possibly forcing them to cover this is an oportunity to make some money on someone trying to run down a good stock. Buying and holding right now is very hard due to the above listed risks, but when sanity comes back to our gov then so will many of these stocks.

 
FE
32.32-0.61(-1.85%)Aug 26 4:02 PMEDT