I chose to add to my short today. I wanted to cover but I just do not believe in this new run up at all. My AAPL is covering my loss on SSYS today. But I am down over $2000 at $79.40s. Cant win every trade.
And yes I can hold. Provided we do not run much higher. If so I cover and wait.
I see a drop to $62 coming soon. I may have entered my short to soon but I have funds ready to add if SSYS goes to $80.
I have a $300 dollar loss so far. Im really not concerned. I will add to my short if needed. It will take long time to lose after going from $118 to $71
When I buy stock (invest / go long) I buy what I believe in or understand. Do you work with 3D printers? Do you own any? My long holds are AAPL / USG / F. All 3 of these stocks make sense to me. I own these products / work with these products.
The PE ratio of a stock is key. Any that tell you it is not is a fool. I shorted the 3D sector all year last year based on PE ratio. I did very well. I still see SSYS PE ratio far,far to high.
Just keep a close eye on your SSYS buy in. I could be wrong but I will stay short as long as I stay with in my 7% - 8% rule of losing any funds.
My short of $118 to $71 on SSYS was pretty darn good. I placed those funds into AAPL on the recent dip from $119 to $105. Adding to my long AAPL. I sold off a few shares of AAPL yesterday as we went to $112. Then used those funds to do small short on SSYS.