So... your statement (that is not a good idea to short a stock that has a high short interest) is 15% correct? Or is it correct just 15% of the time, or ...?
Hmmm. Time will tell. Once held a company that went from $120 down to $90 or so before it came back up. I bought as well as I was able as it went down and then bought even more coming back up. The chat board on Yahoo was almost entirely negative, but I has done my homework and hung in there. And then it plunged AGAIN, going down even farther. And still I kept adding. And then it started to climb. The company split 7:1 last year, and I still have those original shares. It's the same thing with all disruptive companies. Fear. Uncertainty. DOUBT. Until it all comes together. Which isn't guaranteed. But it is likely; I've done my homework. Have you?
Thanks for the reply. Looking to add, actually. My initial investment was of a somewhat speculative nature, and not very large, but in a day or so this may be one of those "opportunities" that come around for those who pay attention.
Anyone know the reason given? I've seen Raymond James' evaluations that seemed fairly well balanced in the past on other stocks I've owned, but I'm new to PER
That's all well and good for those who have such experience and have the ability to do so. IRA accounts cannot legally run on margin, and you have to have a margin account to do what you're suggesting. My ONLY option to protect myself is to sell, which I do not want to do.