ADT still has 1.2 billion dollars left on their share repurchase program. Not sure when they will finish that. It seems they are moving quickly to get it done. That is giving the stock some footing and strength. Will be watching closely when the next round of purchases, and if it will be accelerated.
Oh, I knew no one on this board or this thread would take him seriously. Ha. I do think he's right about this not being a bubble, and also right about the austerity/stimulus debate. Which is now being borne out in the data concerning the U.K. But I recognize he does take an unwavering ideological stance and I do question some of his positions. But I don't agree with 95% of the people on this board anyway.
5-6-2013 Does this count as "interesting"? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3799636>
it is interesting indeed!! I noticed the monster short position...but unfortunately i dont have an option account...and didnt want to buy the stock directly at the time....but in hindsight damn even 55 long is great trade.. did you trade it RM?
---------------------------------------------------------------------------------- Ha ! Yes that is! TSLA report first profit, so then the short squeeze. RM, if (hypothetical) you own this, will you take some profit right now? I think to take some profit is very smart. What do you think?
Didn't trade it, working on 'accomplishing NOT trading', which is important when you have a tendency to waste money by over-trading. And if I had a long from $28 lower (which I don't), I'd obviously <b>not</b> continue to hold the entire position without taking anything at all off the table.
---------------------------------------------------------------------------------- Yes. I think to take maybe half off the table to realize the profit now. Then to wait for higher (maybe), or if this go lower if losing more than 10% of gains, then sell again to realize some more of the profit. Thank you for your opinion from your experience of trading!
I've always felt comfortable reducing a position in profit as it allows me to trail a stop without shrinking my physical one. Thing is reducing shorts in lower lows and longs at higher highs is highly recommended if you are going to reduce a winning position.