Shorted WM

What about covering at $19 and change.

Take long for a point or two and re-short?

Maybe buy calls to protect your short position thats already deep ITM? Bang her both ways.

Just got that feeling that a financing deal or something will be done for WM before a new leg down a la CFC style.

Cuomo was your savior today...lol
 
Quote from pumpanddumper:

God, I still wish I had my WM and CFC shorts. Had those two pegged in the Spring. But I know I would have covered sooner.

I'm actually thinking of making a revenge trade on WM to the upside in high teens. Haven't seen it this low in awhile. How much more blood for them?
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Precisely why I prefer intermediate and long dated options, you don't have to pick THE top or bottom. Do you use them or just shares?
 
Quote from pumpanddumper:

What about covering at $19 and change.

Take long for a point or two and re-short?

Maybe buy calls to protect your short position thats already deep ITM? Bang her both ways.

Just got that feeling that a financing deal or something will be done for WM before a new leg down a la CFC style.

Cuomo was your savior today...lol
More...


GRRRRRRRRRRRRRRRRRRRRRRRRRRR

I had the trade ticket in at 3000 shares at $18.72. I had it PEGGED. HIT $21.42 high today!!!!!!!!!!!!!!

You cover? That was the bounce. Buy the dip, short the pop?
 
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