I warned you novices on this board that we were at a bottom, but was completely ignored. Ha ha!! Should have listened all you weak hands and retail shorts!
Actually this is being manipulated by longs as well, that didn't get enough under $30. Wait for sub-$30 then buy more.
Reminds me of FB shares. All these foolish shorts that listened to CNBC analysts saying the stock is overvalued started piling on the short side. Stock kept climbing day after day despite valuation arguments. Keep believing your valuation thesis as the stock keeps moving against you. Yes, there will be a time to short TWTR, but not yet.
Like fish in a barrel! Soon those fish will turn into Piranha and will eat the shorts alive if they're not fast enough to cover. I'd be looking to cover around the $32 level before the short squeeze happens. It won't be a matter of if, just when and it could turn vicious.
Greedy shorts kept piling into the PANW stock pressing their bets into the low $40s. Now post earnings, the stock is north of $50. The shorts that haven't covered yet on BLOX after a huge sell-off are trying to get blood from a stone staying short at these levels. They will share they same fate as PANW shorts. Panic buying when the stock recovers from this short term blip.
Bad Advice to short right here. There's a higher probability this stock gets to $60 before it gets to $52.50. I'll take my chances being long and will add significantly if it gets to $52.50, because if it does, we have guaranteed buyers from shorts that will cover big time.
I'm not saying it won't go lower. Shorts always try to press when a stock breaks a 52-week low, but there is limited downside from a short term trading perspective. I'd rather accumulate and wait for a short squeeze. There are lots of guaranteed buyers including you that have to cover at some point. I'll play that pop instead of adding to a short that has a huge interest and lots of covering in store.
Yes I agree, but under $43, FIVE needs to be bought. Too many investors and institutions love this stock, and have been wanting to get in for a while. Low $40s is a great entry point.
That might work but that's pretty far out of the money. You could buy the Jan 30 calls, or to reduce your cost and improve your odds, buy the Jan 30/35 call spread.
Greedy shorts tried to come in thinking it would continue to the mid-20s after an already severe drop in price. Now they're being forced to cover and buy at higher prices. They just don't get it. Back to $35 to fill the gap by EOY.
Good call extremeprof. I'm in your camp. I'd rather play the odds instead of trying to squeeze a tiny profit out of stocks that have been slammed. I too buy when others are fearful and greedy. I also bought FTNT when shorts drove it down under $17.
Go ahead and short. Perhaps you may get a buck or two of downside, with 10 bucks of upside. When will you retail shorts ever learn. Shorting stocks at the bottom of the range with a high short interest is a fools game.