Zumiez, Inc. Message Board
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wait a minute now. explain to me why my strategy is worthless. Consider this hypothetical example.
Step 1. Deal does happen.
Step 2. Stock opens at $108 at 930 am
Step 3. I short at open
Step 4. Wait till it drops to $75-80
Step 5. Cover your short at $75, or $80 or $85 or the price you choose at.
the above can happen only with GOOD DEAL NEWS in my personal opinion. and thats foolishness to you??? are you saying its not happened before?? LOLSentiment: Strong Sell
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I think you longs have a huge misunderstanding when you think that shorts do not want the deal to happen.
Of course, I cant speak for all shorts, but personally, I do want the deal to happen. let me repeat: I do Want a deal (yes even as a daytrading short). How else will the stock gap up at open and then race south furiously allowing me to short-trade that fade and make fat bucks if not for good deal news???
Daytrading fellow shorts should understand that IF the deal does not happen, its not in their interest at all, as there is a possibility the stock will open at, say, $40s at 930 am and then rise to $50s by 4 pm. How do you short that move? You cant.
So, lets hope that a deal does happen, lets hope it does gap up to $108 again, and lets hope it fades down to $75 again after that. but just because we hope for the best doesnt mean best will happen. you gotta look at both scenarios.Sentiment: Strong Sell
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and why exactly is that a bad thing my friend? havent you heard of PUT options or shorting? are you really saying to the world that buying is the only way to make money out there??? i am just curious to know, that's all. you can do whatever you feel like doing.
Sentiment: Strong Sell
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I don't even know a fraction of what you longs know.
all I know is that shorting gives me great joy and buying makes me wanna puke. I stick to that golden rule and its made me money all these years. sure, I have lost on short trades, but i have won way more than I have lost, hence putting me in green. but then again, I am a quick daytrader, scalping for a buck or two or three moves, if not any moreSentiment: Strong Sell
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you still think IOC will hit $90 ever again?? seriously??
Sentiment: Strong Sell
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Why be a long and then have to "Stop loss" when you can be a short and "start profit" is something I always wonder about
Sentiment: Strong Sell
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Did you get that deal yet? If not, why were you all so convinced since last few weeks that you would get it?? it was such a given for ye all. counting chickens before they hatch, hey??? LMAO
Sentiment: Strong Sell
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that would be in ideal condition, but there is still money to be made even if it does not go to that level
so dont think that only way to make money is if it goes to 0.50 every nickel and dime fall brings new opps to short and make moneySentiment: Strong Sell
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you longs really believe in all that, dont you?? you are so much at the mercy of a 'deal' its unreal.
if you dont get it, what happens then? ever think about that possibility???Sentiment: Strong Sell
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Increases my faith in the process of shorting...
Sentiment: Strong Sell
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dead cat bounces do not scare me into covering.
so lets say this goes to low or mid $4s sometime in the distant (or near) future. ho hum, big deal
i just short more at mid $4s and wait for $3s again to cover, rinse and repeat. whack a mole every time it raises its head
who said making money was hard???Sentiment: Strong Sell
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What if months go by and no deal comes along? What will longs post then in that scenario?? Lol
by holywallst •Jun 17, 2013 11:44 PMI be loading up on those PUTs and selecting favorite vacation retirement spots if this is to drop to 40s and maybe 30s as you say....
a lot of millionaires are going to be made I personally think, and I wanna be there to be one of them. lets just hope your words come true...Sentiment: Strong Sell
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good things are coming??? LMAO
maybe thats why stock fell from $10s to $3s from May highs to June lows, right?? LOL. So if it falls to $1s, even greater things must be coming by your logic, correct???
LMAO againSentiment: Strong Sell
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What if months go by and no deal comes along? What will longs post then in that scenario?? Lol
by holywallst •Jun 17, 2013 11:44 PMbeautiful, very inspiring post. you motivate me to short more at every right opportunity
Sentiment: Strong Sell
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and your pt. is???
you might get a dead cat bounce??? big dealSentiment: Strong Sell
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I wonder what the posts will look like IF there is no deal for months and months...what will longs post then? will there be a single long who will then say that he/she regrets not shorting at $108 when he/she had the chance??
naah, i didnt think so either. ego is a powerful thing. who wants to admit that they are a helpless pawn tossed around at the mercy of higher forces...Sentiment: Strong Sell
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When Byker says "we look forward to closing our deal with Exxon this coming quarter..."
by shareacellwithmadoff •Jun 17, 2013 5:15 PMDuma sounds like a man with a plan to me!
Dont fight him baby, go with the flow i say. Say with me "God bless Duma".Sentiment: Strong Sell
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short? which short? i am shorting and covering daily for a few nickel and dime moves so many times, i cant even remember or keep track of my numerous daytrades
Sentiment: Strong Sell
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When Byker says "we look forward to closing our deal with Exxon this coming quarter..."
by shareacellwithmadoff •Jun 17, 2013 5:15 PMIF this goes to 50s and possibly 40s as you say, think of how much the PUT buyers will rake in. they are all gonna be millionaires. wish I had more money to buy PUTs for that sweet ride down...
Sentiment: Strong Sell
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Hows that deal related news that came out last month treating you longs now?? wasnt it out of this world great super duper news that you longs all went ga ga over and could not leave your la la land???
so what happened? how did good news crash the stock from $108 to $75s?? LMAOSentiment: Strong Sell