My main concern is that the 2 year chart still look strong http://bigcharts.marketwatch.com/ka...1&lf2=0&lf3=0&height=335&width=579&mocktick=1
Depends on your time frame Daal, I wouldn't hold shorts in GOOG for too long as per the reasons you mentioned. Re: UNXL, I know you guys know what you're doing, but just to reiterate GOC's point, if you believe it's an epic fail, trading in and out of the stock for a $1-2 makes no sense if you think it's really worth say $5. I'm probably biased as I have a long term position but thought you could use a different POV.
Short via oct puts so I'm not getting shaken out of this one. Binary event for me, either UNXL is real and we see 50+ by year end or its a pump and dump and it goes back to 5. Obviously I think the bet here is asymmetric.
unxl is hard to trade covered most of it -2 and -3 holding small looking to reshort/ add after a 5% decline
back in unxl 27.83 working hlf 38.5 area in azpn in the 30's area. looking at nky trying to locate supn not a lot of inspiration otherwise. PS: Did you guys see my marketocracy short only fund: http://portfolio.marketocracy.com/c...undPublicPage/source=PmPgGmAkElMcOeHcMaKiAbDe up 9% over the last 3 years with the S&P up 39% ranked #18 for my 3 month performance compared to thousands of other funds.
I wish there was a Bitcoin ETF trading in NY. There are predictable spikes and drops all over this thing http://bitcoin.clarkmoody.com/
Damn Bitcoin, was an easy short when it reached 175. 112 now, probably goes lower when the lemmings realize what is going on
Lesson from Bitcoin mania. If you miss shorting the top, short the first bounce. Bitcoin is almost untradable from the short side given that I think the wallet sites might not pay the shorts but its a good lesson to learn for future manias