Anyone short AXR?..looks like a great short

TERRIBLE short setup. that looks like a long to me.

1. price increasing on increasing volume
2. slight pullback to medium term support on loxer lvolume.

there is NOTHING short about that.


P.S. I forgot to post DACxxxx reply to my original post....here it is above.
 
rich, this company:
- has good p/e (well, now :))
- has good margins
- is growing
- has good returns
- has been going up all the time
- with so many shorts there is the possibility of a squeeze
now, if you shorted you were obviously right. But now my question is: what made you think it was time to short? Was it just the 80% shorts?
 
no.. this short was just that.. a short position for the "short" period.

I trade stocks. I shorted AMR back in 03 from 7 down to 2, and then went long 12000 shares at 1.75.

I liked AMR back then when it was getting hammered and felt it was not going under. I was right to short it and right to go long on it.

I trade stocks based on where I think its going.

Don't get me wrong, I like AXR for the real long term (6+months). But for the 'short' term, I think it went up way too fast and was overdone only because of other factors not related to its 'value'.

I was right with my trade. Now I am just waiting on the sidelines hoping that I can get this stock at what I consider a bargain. I may not get it, and that is fine. My money on long positions will be on stocks I like long term or feel are going up due to something short term such as a good earnings report.


I am about as completely neutral on AXR right now as I think anyone can be. I shorted at 130 and covered at 100. For me, this stock is something I do not want to trade at this time.

Good luck sir.
 
Quote from traderich:

no.. this short was just that.. a short position for the "short" period.

I trade stocks. I shorted AMR back in 03 from 7 down to 2, and then went long 12000 shares at 1.75.

I liked AMR back then when it was getting hammered and felt it was not going under. I was right to short it and right to go long on it.

I trade stocks based on where I think its going.

Don't get me wrong, I like AXR for the real long term (6+months). But for the 'short' term, I think it went up way too fast and was overdone only because of other factors not related to its 'value'.

I was right with my trade. Now I am just waiting on the sidelines hoping that I can get this stock at what I consider a bargain. I may not get it, and that is fine. My money on long positions will be on stocks I like long term or feel are going up due to something short term such as a good earnings report.


I am about as completely neutral on AXR right now as I think anyone can be. I shorted at 130 and covered at 100. For me, this stock is something I do not want to trade at this time.

Good luck sir.
More...
I see, thank you.
I guess I'm just very impressed by the fact that this stock went out a lot, and it's still going down, for apparently no reason. And they declined any comment when the NYSE asked them an explanation.
 
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