Carmax KMX

I still don't understand why you insist on shorting everything that is going higher. Not trying to be mean but so far your record of shorting this market has not been correct. Why fight the tape?
 
eganon69 said:
I still don't understand why you insist on shorting everything that is going higher. Not trying to be mean but so far your record of shorting this market has not been correct. Why fight the tape?
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Funny you should bring that up, because I knew it was going up as soon as I saw the action. I take solace in the fact I lost .35 covering at 64.35... cause the pig is at $65.95 as I type. Hell thats like a psychological win in some way. At least I was right early on and didn't get burned.
I should have taken it long, I KNEW it was going up... easy money.
I just can't bring myself to play stocks long.
I'll work on it.
 
That's 0.35 PER SHARE you sold short. What if you had bought at that same price?.... You would have made $1.95....nearly 6x what you lost on this trade.
 
Not really just related to your post (and not that anyone cares) If i had one general tip for struggling traders that was easy to implement and guaranteed to improve odds, it is simple - stop shorting stocks.
 
Vincent S. Ashmore said:
$KMX didn't expect it to go through but it did so now im short at $66.16
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Good trade. Down $2 so far.
They missed top line and should have been hammered.
That being said, I have watched this stock for years and it could easily see north of $66 again before next ER.
Long term... it belongs below $55. And it will.
 
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