Profit is profit, congrats. Patience and 15% turns to 33% in the near future IMO. No one can take that money you made in 2 weeks though, nice trade.
If shorting one would "borrow" X amount of shares from your broker. If the stock goes down you would buy it back at that price when you think it has hit bottom. That is called covering. Cash in a margin account is necessary to borrow stock. When you have bought it back at that time you would have the profit of the drop in price. You can ride it back up or sell it at that price. If the shorted stock goes up from where you started your short you could get a margin call. That my friend is a whole different story. Best of luck to you.
Spring break is here for some I suspect...Lot size has always been a problem, except on those occasional runs. Congrats on the core avg., it is tough buying on a perceived bottom. A short memory is best, slice your way in and sell AON, and live to fight another day. G.L.
Wound tight, no doubt. I'll join you at 50. Right after she hits low .60s and retraces I'm buying. Spent mine @.42 & .40 and will take the profits there barring no news. Still got my core @.36 from way back, been here longer than I ever expected but this has had some really good movement over the past 2 years. Let's go again...
Lots of shares bought in the .40 to .42 range. When and if it hits low .60s on no news it should stall for a bit IMO. 33% is nothing to sneeze at. Those swing traders are what kept this thing from retracing into the mid .30s the last go round.
Multiple bottoms... If .48 is the new .36 we have it made. Got so many chances @.36, then the last drop to .42 and some at .40, was expecting high .30s but never went there. Need this to hold .48 IMO.
True, bought this on a tip 6 weeks ago and just can't bring myself to sell yet. Past my exit point a ways back and looked deeper into this. Too strong.
Spot on, nice recap on the SP Nami. Still ticked about riding that drop from .71 far too long. No one pays retail for this thing, at least not until it hits .40ish. (recently at least.) Low volume seems to cause such problems. Anyway, it's a new year and hopefully better that the last. Take care Nami.
So I assume you are starting your short here. If you started higher and don't take profits here then good luck with that.
Holding above 48 would be huge IMO. Been there a few times before and that is where support has fallen apart in the past. Those who bought @42 and below on the last retrace are looking good at the moment. We shall see...
Passed it earlier today and still holding...Up with volume again, this thing is just tough to pull the trigger and sell. Got in to swing it but might have to re-evaluate. Just a beast at the moment.
O.T. Keep an eye on JNSH Wed. morning. If you have some spare settled funds get in - get out. I'm long but then again, I'm in deep. I owe you one. Take care Raft.
Good point. In an air cooled chiller the ambient air temp. does have a dramatic effect on performance, VFD fans will cut back and actually shut off. This allows the equipment to hit set point using less energy and more importantly less stress on the equipment. Same holds true with cooling towers as cooler airflow allows the fans to cycle instead of running 24/7. In warmer weather as they rely more on the fans to cool, the equipment will reach "high limit" safeties and cut back. This is done to protect the equipment and will effect production be it chill water or producing energy. Makes sense in that I see it every day with the weather fluctuations in DFW. The cooler weather should maximize productivity with more efficiency.