Yeah. You aren't saving money, but you can lock in your ability to short. Given how you trade in and out of this name, it might be a good option. You can buy stock to cover your short and then sell long when you want to re-initiate.
UNXL looks like is done http://www.citronresearch.com/unipixel-the-truth-and-only-the-truth-for-once/
It's not just the CEO resignation. It's years of promising energy reserves that have not yet been proven to exist. More detailed information in the IOC thread: http://www.elitetrader.com/vb/showthread.php?s=&postid=3786291#post3786291
I shorted a bit of SPY on the fake tweet, made a few hundred but the lesson is when there is a big impact event fills are TERRIBLE. This is the first time I ever had a 6-7 second delay on SPY Could have made a fortune on the way back up but I missed that
Am carrying half the normal shorts here. Was looking at other market tops and they take some time to develop and I don't like getting squeezed in this process. Does anyone have an opinion on the general market?
wanna see a squeeze? look at LOTE, I'd be mortgaging my house and shorting if I had a borrow or a house. Its going to be under $4 within days