you almost want to feel sorry for him and his pathetic life but he's such a despicable human you can only wish the worse for him. He's living exactly the life he deserves.
The problem with being short a stock with so little of the float available is that if the longs start selling the brokerages will start closing out short positions to fulfill the longs sell orders. The brokerage doesn't care if you are up or down, they just close your position at market to satisy the long's sell order.
Bwaa ha ha ha ha
Back when the stock was 16 you thought it was going to 12, then at 18 you thought it was going to 15, then at 22 you thought it was going to 18. I think I see a pattern.
people can learn a lot from reading your advice.
I used to see multiple trucks in the lot at my local BBY now I see one truck
I used to need a pickup truck to transport a TV. LOL
I was one of the "old bears".I took a nice profit when BBY was in a downtrend. The "old bears" were a lot of experienced traders I suspect. They shorted while the end of year unloading was taking place and the stock was in a defined downtrend, took their profits, and they are gone. Now you've got the newbies that came in to the party after it was over. They shorted BBY after it had fallen about 75%. Idiots. Even if the turnaround doesn't happen a normal retracement puts the stock back near $30.
When the chart changed and the trend became an uptrend I went long. Like riding a roller coaster. But you need to be able to tell which way the stock is tranding. It's not rocket science.
Who is stupid enough to short a stock with the price above 10DMA, 20DMA, 50DMA, & 200DMA ?
This could prove to be a real butt breaker for someone holding a short position over the weekend. If it passes it means nothing because the house hasn't voted but the headline will cause a big gap up at the open.
I loaded up the truck for Monday's open based on this info.
The only shorts left now are small retail shorts that usually show up late to the party and are doing their trading on their own without any information other than what they get for free. The short trade on BBY was taken off months ago. But they are funny to read . Just like the fools that watch Cramer's TV show but won't pay to subscribe to see his real trades.
I consider them contributors to my retirement account/
The funny thing is the people that are pumping this up are also unloading their shares. schulze was unable to get financing at $12 because the people that successfully invest for a living thought the company wasn't worth $12 a share. Now that the major houses have agreed and decided to unload their positions they have no problem finding gullible schmucks to pay $20 when they too wouldn't buy at $12. when the major players have cleared their books the game will be over. The bagholders will once again lose their money. Not one newbie clown on this board has a target price hwere they are going to sell. They are clueless and will ultimately end up losing their money.