I didnt have any patience, but for you to run in now and think its a great short is foolish. Its always after the fact people want to go long or short on a stock. Just like comodities, dot coms and real estate.
Sheesh I guess I don't know what I'm doing then. Thanks S2007 for letting me see the light. Seriously, with that logic then the market shouldn't have fallen 800 points yesterday.
They claimed just financials, but then other companies like GM, GE, CVS pharmacy, Zales jewelers, etc were added to the list.
GM 7.56 close. Down almost 10% from where I posted. THAT's why I do what I do. You takin notes? What a joke Holding last puts
I got a better tip for you. Short LEH, AIG, WAMU, I hear they may be having problems with some bad loans. My Broker told me after Oct 8th he's going to short the hell out of them for me and only charge $120 commission per round trip as a special deal. Hurry up
Lol! Well said lrm'! That's why I still read the posts is for guys like you who get it. I'm always happy when someone makes a profit so making a few cents on GM, great job. But nibbling for scraps when the filet was served long ago..... no thanks. And really, can you say you're short a stock when all you are is long some puts? I mean c'mon... premiums are nice and fat because of the recent volatility. Is buying premium the right way to go here? The answer to both questions is no. You're long puts, not short stock. You're buying premium when you should be selling it. Lrm' I'm still laughing. That's a funny post. Hopefully your message gets across.