hughb
Registered: Feb 2007
Posts: 2203 |
07-25-12 05:26 PM
This one made it onto my watch list as a possible short sale candidate when it made a new low in the last week of May. The downward move paused and the stock price moved sideways for a couple of weeks and then rose slightly to 25, and that little rise appeared as a possible entry for a short sale. When it started moving down again I pounced and shorted on Monday at 23.91, without realizing that they were going to release an earnings report the next day after hours. Apparently the earnings report wasn't very good and it's selling off hard today. As a short seller, I've always done poorly, always covering too soon out of fear of bargain hunters. I'm going to stand my ground on this one and ride it down as far as I can.
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