Cisco Systems, Inc. Message Board
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Ackmans average price is right around $50 or the very high 40's. This does not include the 6 million in dividends he had to pay out every quarter or the high costs of borrowing the shares to short. I would say he is under water right now.
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Looks like tomorrow could be another bad day for the shorts. They were warned.....repeatedly, now it's time to pay the piper.
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jimbo,
Seems all the BIG MOUTH bashers are quiet today. -
Still trying to trade higher in ah's.
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john,
We just witnessed the beginning. I spaced my sells out on the way up but with no news I thought we would drift back. This has legs. I think more room on the upside tomorrow, shorts will be getting more margin calls. -
How much do we go up tomorrow? Shorts are going to continue to get margin calls and others will give up. A 10% move in one day is enough to scare even the most seasoned trader. Another 10% tomorrow will hurt even worse, this is what a short squeeze is made of.
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swami,
I NEVER sell an entire position at one time especially if it is climbing. I sold at $46.50, $47, and $48 today. I will buy back on any pullback like I did when I sold 60% at $39.50 and $39.75. Bought them back between $36 and $37.50.
We may not get that pullback, this is starting to feel like the real thing. -
I only have 1750 left. Started with 7,000 today.
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You don't do that on no news. Something has to come out after the bell. One would think.
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This may last several days and go up real fast. I still have 25% of my position but it looks like I sold too early. Darn PROFITS.
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Nothing is going right for the arrogant one. Bummer
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This reminds me of trading the day that Icahn announced his original position. Something like a 5% move during the day and then 20% ah's. Starting to feel like that.
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Sold 25% at $46.50
next 25% at $47.00
next 25% at $48.00
Funny how were all BAGHOLDERS all the way from $35 to where we are now. I'm laughing all the way to the bank....... hahahahahaha -
Come and get it if you want it. :)
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New auditor? 7% move and nothing, don't get me wrong, I love the gains but I would also like to know what somebody else knows so I can make an educated decision on whether to buy or sell. Please share with the rest of us what is going on.
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Thank you. :)
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Come and get it short covering dudes.
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You remember the abusive BASHER who shorted at $38 and then again at $41. Seems like he has a size 13 shoe in his BIG MOUTH. Couldn't happen to a nicer guy.
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I just sold 25% of my position at $46.50
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swami....I thought you said you weren't selling here?????