Annoyed

Yes you are right. I covered at 46 last night. It never traded there during market hours today. It did trade close to 50 this morning before the open. I though this could have been one of those short squeezes that you read about.
Shows what I know
Its a wonder why I drink so much!


Quote from Option_Attack:

Bummer.

I've been smoked like that, short AND long, in "safer" ETFs. It's enuf to make you take up drinkin'!

And what's really great is when the ol' Market twists the knife a few times and drops a lot soon after you cover... :(
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Quote from gimp570:

Yes you are right. I covered at 46 last night. It never traded there during market hours today. It did trade close to 50 this morning before the open. I though this could have been one of those short squeezes that you read about.
Shows what I know
Its a wonder why I drink so much!
More...

you did the right thing in covering - like you said it could have kept going. i'm sure some of us remember that porsche/vw incident a few years ago that almost blew up a few hedge funds...
 
Quote from FrankSlaughtery:

you did the right thing in covering - like you said it could have kept going. i'm sure some of us remember that porsche/vw incident a few years ago that almost blew up a few hedge funds...
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It is impossible to blow up on one stock short like volkswagen. Is anybody here overleveraged or soemthing? If I was short HLF, I would not have blown up even if the stock went to $200. If you can't take a 25% move when shorting you have no business copypasting short trades. I understand it was primarily due to the buy-in in any case it is a bad idea to copaste popular shorts.
 
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