Last week shorted 104 took profits at 97...Now looking to get back into a short during Wed and Thursday hope to get a cost average around 103 to 105. Follow along and let's play. I will be holding through earnings as I typically do. This is a 3 to 6 day trade. Goodluck.
Did not get fills yesterday, re-entered new short positions between 108.50 and 111 today and already down $3,500. CRM closed at 112.75 +16% Let's see what Monday brings.
earning and outlook was pretty good which means stock will go to 120 before moving back unless market tanks same thing happened with PCLN. 285 and 1 week after that it touched 310.
from 7/9 to option expiration, it seem like a head and shoulder. But the trend was hh/hl for a while. price action seemed hesitant, thats why shorting made sense. But sometimes shitty luck happens. Everything seemed too good to be true, hence I skipped out.
Added to my short position today in the 112s. And now we get this jewel, lmao, the kiss of death via Cramer CRM advertisement http://www.cnbc.com/id/38816417?
how the hell did you find the day low? If you held onto it any longer you would have been at a loss again. Good play, but damn, pretty lucky.
I think it went lower than that, I was looking to close half in the morning and just sold based on watching the ticker... I reshorted 500shares between 112.8 and 113.3. I have been keeping short exposure at these levels but the price action gives you an opportunity to raise your cost average everyday, todays action was near identical to yesterday but a weaker close. Goodluck