Marketsurfer says short shake shack

[Buy1Sell2]

I had 65000 shares of YHOO and I sold at $20 because people's response affected me and I sold. 65000 x $(45-20) is over one million in less than 3 years (less profit). Now I am short MCD and at the same time I am selling 2X PUT for much lower strike price. Like this week I sold weekly PUT 94.5 twice the amount of short and they will expire worthless. I have done it for over 2 years !!.

FALSE

 

[Buy1Sell2]

You shouldn't be bias motivated when making trade decisions (Surf was, as he disliked their burger), but it's Ok to have an opinion based on your system.

Good point and posting. I would add though that you can be biased on direction of trade according to trend.

 

[Buy1Sell2]

I was strongly in favor of YHOO when it was trading at 13 to 16 but many were laughing at me that when we have Google, we don't need YHOO. I had 65000 shares of YHOO and I sold at $20 because people's response affected me and I sold. 65000 x $(45-20) is over one million in less than 3 years (less profit). Now I am short MCD and at the same time I am selling 2X PUT for much lower strike price. Like this week I sold weekly PUT 94.5 twice the amount of short and they will expire worthless. I have done it for over 2 years !!.

With Romik's permission:

 

[Buy1Sell2]

ALL my big winners have gone against me at first, then turned-- so I must accept the other side of the equation. it's not fun, but it one step closer to a winner. surf

Again, by kind permission of Romik:

 

[dbphoenix]

None of you have addressed the make up of ownership and what % of the float is locked down until July.

That ought to be a given along with several other considerations. That nothing but feelings were taken into account is informative.

 

[Autodidact]

He does agree however on my stop of 73.00

SHAK was trivial for a trader adept in price action.

It had been uptrending, attempted a modest reversal, the reversal displayed signs of failure a couple of days after earnings, meaning this is not a reversal, but a retracement and that's it, game over, trend resumption.

3-Day chart shows it well, I didn trade it but I called it before the move began, and PABuster can verify this, but what does it matter, I didnt make a dime off it, I rarely trade equities.

 

[nursebee]

None of you have addressed the make up of ownership and what % of the float is locked down until July.

Yes I did! pg 12 of the thread: http://www.elitetrader.com/et/index.php?threads/marketsurfer-says-short-shake-shack.291104/page-12

 

[londonkid]

 

[londonkid]

 

[dbphoenix]

Don't forget . . .