I just have this nagging feeling that all is not well. I don't trust that they will continue paying the div. I don't trust the financials. It is getting hard for me to trust anything anymore. Makes it very hard to come to decisions reguarding stocks. If everything is on the up and up here, it looks like a no brainer. I just wish my spider sense weren't tingling but it is. More waiting I guess.
They have 4 employees. I would only invest money that you absolutely don't care if you lose. Good luck.
What a ride it has been! This is currently my best short ever. I remember telling my son during the dark days of late July that this was probably the best thing that could happen. And it looks as though it was. And I even ended up getting a physical,upper GI, and a colonoscopy out of it all which I probably needed to get anyway so that is a nice little bonus to go along with all the cash.
Still have definite skin in the game but now can relax a bit. I still think this pig can get to 90 and perhaps a good bit lower but after the last few months I had to take some off the table.
It would be very nice if we could have a down day similar to a couple of the massive up days that I've had to stomach over the past couple months. How about an 8 dollar dinger to the downside.
#$%$ happened?? Holy cow. I take a shower and miss the opening and I see it is up over 8 bucks on less than a half million shares. Only good take from this is that it happened on low volume. Hopefully will get back under 130 by days end. Wow.
No doubt greed has set in. I was on vacation at Ocean City Maryland when the Trulia buyout was announced and my son (who likes to watch stocks with me) told me the computer said Z was up 30 dollars. I told him he must be reading it wrong and it must be up .30 cents or 3 dollars. He was right though and it sort of put a damper on the rest of the day. I shorted more and more based on my belief that all stocks eventually trade to their fundamentals. I realize momentum stocks can defy logic and trade to crazy highs but they usually crash hard at some point. Part of the trick, I believe, is to wait until they achieve that crazy level before shorting. I nailed FEYE, VAPE (the only marijuana stock I was able to short) and got lucky shorting GMCR and FB. I wouldn't touch FB now as it looks like it is going to continue to grow revs (and profits) well into the future. FEYE was trading at something like 50 or 60 times rev. when I shorted it and wasn't even profitable. It was worth the same (or more) as established Co's like CHKP but with no profits and a fifth the revenue. I probably should cover tomorrow but I won't because I think Z could go under 100. Will it? Very possibly not. But it might. Z seems to have lost its momentum and it seems to me anyway that the trend is down. For now. My single greatest fear is that Berkshire Hathaway will announce that they are going to buy Z for X amount of dollars now that they are involved with real estate. I knew shorting Z at 107 was probably premature but I thought I was invincible coming off my successful shorts with before mentioned stocks earlier this year. Z went up almost 60% before it reversed course so I couldn't have been much more wrong on my initial few short sales. I got a bit lucky on this one. Good luck to you joe. You seem like a humble fellow investor. We just happen to be on diff. sides at this particular time. Again, good luck to you.
Ok you little #$%$. Don't cry to me because you don't know what it is like to be with a women. Based on Z's fundamentals, 107 was a good point to start shorting so I thought. You are simply too old or stupid to understand much anymore I guess. I know this pig is overvalued so if I need to short more as people continue to buy (you are excluded as I am sure you are living on social security and have no money to invest) then so be it. I understand the risks and am fine with them. The stomach comment was a joke but you may not have understood it as you need at least a high school education to get it. I am sorry you are old and alone and broke. I am happily married with 2 wonderful sons. I live in a very nice house and could retire tomorrow and never have to worry about money (unlike you). Perhaps if you weren't so spiteful in every comment you make, people would like you. But you are too angry,broke,alone,etc. to let that happen aren't you. Poor,poor,poor little boy. Now go beat off while thinking of your mother you little #$%$.
No you weren't. I first started shorting this pig at 107. Had to short more at 117,then 129, then 142,then149,then 155, and finally (thankfully) 162. My average is around 137-138 so I am now actually up. I've had to go to the doctors about my stomach but will be worth it if this POS stuck pig can ever get under 100. Shorting can be very scary stuff. But if you didn't start shorting this thing until last month, then I think you nailed it almost exactly. I wish I hadn't shorted anything until last month.
This stock has been on a tear and pays a 3% div to boot! Gotta love it!