What a boring company... Beta = 0.67 Impressive for a $166 stock I wouldn't call this a "short opportunity of a lifetime" considering it is steadily outperforming the S&P 500 and the industry may be recession proof.
Like the for-profit education companies that were recession-proof, steadily hitting new highs day after day, while the S&P tanked? Every bull is brought down at some point, and APOL, CECO, COC, ESI, STRA were no exception. Every stock has a serious resistance point and once people no longer want to pay just a bit more to ride the train (or to cover their short losses), profit-taking finally ensues.
http://www.google.com/finance?client=ob&q=NYSE:AZO 378 CAN YOU SAY WHO: IM RIGHT NOW. YOUR SHORT IS UP 100 PERCENT. I JUST WENT THROUGH THIS TODAY AND PULL SOME OFF THE TICKET. I THINK YOU MAY BE RIGHT HERE TO REVISIT IT AS THE NEW MORE EFFICIENT BRAKES REPLACE THE OLDER BRAKES. ALSO INVENTORY HAS BEEN LOW AT AZO AS THEY REVAMP FOR THE NEW SERIES OF CARS. MORE EFFICIENT CAR BUILDING IN THE US MEANS LESS REPAIRS AND BETTER PARTS. WE LEARNED FROM THE JAPANESE AND ARE NOW BUILDING QUALITY CARS. AZO - THANKS FOR THE RUN.
This thread is ancient. Who cares? The op posted a short in March 2009 and AZO's up a lot since then.
Thats what Im saying.... People always talk about buying and selling exits. They never talk about the shorts they should have covered. When the trade is taken off the table against a position you must rub it in the face of the short so the next time they have the audacity to try to short your position they understand that the game is on. Shorting is an Art and many traders have crayons. Its a dangerous game. You would have lost significantly if you followed this advice. Contrary to the position the initiator did not come back and address that they were wrong therefore leaving others who piled into this garbage trade in limbo. Its a trading board where we help each other with ideas by pointing out the good and bad in a trade. So don't put in your ideas and run. Stick by it and follow it because there are some who follow the advice.