WOW... Entering a short position after SEVEN weeks of relentless selling has already taken place... Please do it. Your frantic short covering will feed my 10,000 share long.
yupyupyup
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@ROCKET_RACKS, 10,000 shares eh? Heavy bags u got there.
ROCKET_RACKS
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@yupyupyup, "Heavy Bags" is relative to the amount of capital a trader has in their account. Besides, I am no longer "holding any bags". I took my stop loss at $9.00 which means I locked in a -$20,000 loss. Overall, my trade idea had an incredible risk/reward ratio and mathematically, if I take these high quality trades a large number of times, I will end up with the money... Onto the next trade!
yupyupyup
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@ROCKET_RACKS, LOL good luck on the next one! And don't forget to bash people that have opposite ideas to you!