Rare Marketsurfer Stock Pick--SHORT

[marketsurfer]

Quote from ghostzapper:

As usual, we can always count on this piker to give us tradeable jewels like this post.

"not sure when..."




His timing is great if he went long the stock @ $49 and then doubled up @ $51. But he went short, and smurf has lost -20% from those levels. He doesn't count it as a loss, though, it's not a closed trade.:eek:

nope, its a drawdown right now. not a loss till its taken, but this one is FINISHED and is going DOWN! word up.

surf

 

[aaronk321]

It will eventually burn. It's difficult to time this one. Every earnings the shorts got toasted. Look at HLYS that's what will eventually happen to crox. However, CROX is still riding high for the time being.

Quote from marketsurfer:

nope, its a drawdown right now. not a loss till its taken, but this one is FINISHED and is going DOWN! word up.

surf

 

[ghostzapper]

Quote from marketsurfer:

nope, its a drawdown right now. not a loss till its taken,

Funny about that. On my brokerage statements, and everyone else's, when you lose on a short, your account is debited at the END of the DAY. Money is removed from your account. It is marked to the FINAL PRINT in the stock.

So if a normal person shorted it @ $49 and doubled up @ $51, they would have lost alot of money in their account as of the close today. But not you huh ?

That's the way it works w most accounts, but not the mighty smurfs.

I run alot more money than you, and you have to be pretty sick to describe a loss on a short trade as a "drawdown" and not as an actual loss. You and your people ( "WE" as you say) are out of a cartoon.

 

[Equalizer]

You have to understand, this is how surf does his market analysis - from an altitude of 50,000 feet (see image below):

 

[annaland]

Quote from Equalizer:

You have to understand, this is how surf does his market analysis - from an altitude of 50,000 feet (see image below):

Not entirely. Surf gets inebriated by the annaland ambiance…

…wouldn’t you?
(you're ok surf)

 

[marketsurfer]

Quote from annaland:

Not entirely. Surf gets inebriated by the annaland ambiance…

…wouldn’t you?
(you're ok surf)

the converse also rings true, no??

( you're ok annaland)

love, surf

 

[annaland]

Quote from marketsurfer:

the converse also rings true, no??

( you're ok annaland)

love, surf

To answer your inquiry, Mr. Surficore, I think it’s about time you take a look at (since this is a stock forum) at <b> RS</b> - <b>Reliance</b> steel and aluminum, baby!

 

[marketsurfer]

Quote from annaland:

To answer your inquiry, Mr. Surficore, I think it’s about time you take a look at (since this is a stock forum) at <b> RS</b> - <b>Reliance</b> steel and aluminum, baby!

thanks for the tip, baby.

it's one of our secrets,,,,, shhhhh.

surf xxxx0 LSI

 

[madmax98]

well Surf, i think you were a little too early, but right now the stock is showing weakness, a lot of it. it ran for a high twice without breaking it, then on the third attempt it didn't even reach that high. if i was to short that stock i would do it now with a stop over yesterday's high which is 59. of course revising and continuous assessment is viable depending on market conditions. just my 2 cents, Simon.

 

[madmax98]

After looking at the chart again, daily and hourly, i would be very careful and maintain that 59 stop. it looks like it's forming a pennant which started monday (you're welcome to give me your opinion), and suggests a breakout to the upside, soooooooo be careful.