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GM.....Good short here
- Thread starter athlonmank8
- Start date
Quote from S2007S:
I didnt have any patience, but for you to run in now and think its a great short is foolish. Its always after the fact people want to go long or short on a stock. Just like comodities, dot coms and real estate.
Sheesh I guess I don't know what I'm doing then.
Thanks S2007 for letting me see the light.
Seriously, with that logic then the market shouldn't have fallen 800 points yesterday.
7.90 low there it is.
Covered 1/2 @ .72 Lookin for a bit more on the rest
Covered 1/2 @ .72 Lookin for a bit more on the rest
Quote from S2007S:
Yea I know I broke even but at least I knew that the stock was a short back in MArch of 2007 vs October 2008
Stock is off 75%+ and now people want to short it, I dont comprehend this...
GM 7.56 close. Down almost 10% from where I posted. THAT's why I do what I do.
You takin notes? What a joke
Holding last puts
Quote from athlonmank8:
Should fall into the 7's
I got a better tip for you.
Short LEH, AIG, WAMU,
I hear they may be having problems with some bad loans. My Broker told me after Oct 8th he's going to short the hell out of them for me and only charge $120 commission per round trip as a special deal.
Hurry up
Quote from lrm21:
I got a better tip for you.
Short LEH, AIG, WAMU,
I hear they may be having problems with some bad loans. My Broker told me after Oct 8th he's going to short the hell out of them for me and only charge $120 commission per round trip as a special deal.
Hurry up
Lol! Well said lrm'! That's why I still read the posts is for guys like you who get it.
I'm always happy when someone makes a profit so making a few cents on GM, great job. But nibbling for scraps when the filet was served long ago..... no thanks.
And really, can you say you're short a stock when all you are is long some puts? I mean c'mon... premiums are nice and fat because of the recent volatility. Is buying premium the right way to go here? The answer to both questions is no. You're long puts, not short stock. You're buying premium when you should be selling it.
Lrm' I'm still laughing. That's a funny post. Hopefully your message gets across.
Quote from lrm21:
I got a better tip for you.
Short LEH, AIG, WAMU,
I hear they may be having problems with some bad loans. My Broker told me after Oct 8th he's going to short the hell out of them for me and only charge $120 commission per round trip as a special deal.
Hurry up
GM @ 5.50 what are you trying to say?