WaMu goes from 45 to 3 in one year and now you tell us the obvious. 6182 posts. You have said a whole lot of nothing.
This has been a topic of discussion since November 2007: http://www.elitetrader.com/vb/showthread.php?s=&threadid=108901
Discussion is one thing, Hard proof is another. there are 10000 discussions that amounted to nothing. mine are not among them
It doesn't matter if the stock has already cratered. If there's some info that can show it's most likely going to $0, then there's still 100% upside left in the trade. Shorting from $3 to $0 makes more money than shorting from $40 to $3.
Agreed, but his post said nothing new that we already haven't known for months. Also shorting from .01 to .00 makes more money than shorting from $40 to $.01, but the real easy money (risk/reward wise) has most likely already been made. One look at stock777's history of "straight to chit-chat" threads is all you need to know about his trading knowledge.
One read of your post and we know all we need. Imbecile, I post in chit chat so idiots like you dont take the post seriously. I want to be on the record without making turds like you any coin.