The Shorting of Frauds, Overhyped and Bankrupt Stocks Journal

[ralph00]

Wow. Just got turned onto this thread. It's one of the saddest things I've ever been exposed to.

In any case, I'm shocked to see no discussion of shorting Fannie and Freddie common after they've quadrupled this week. It's almost certain the common stock of these two has no value.

Best of luck on that Zillow short though!

 

[ralph00]

Never mind. Both stocks crashed about 5 minutes after I put that post up.

 

[Chuck Krug]

no need to behave so dickish ralph
good call on fmcc and fnma though

 

[Daal]

Trying a small short on UNXL at 30.57, bullish SA article send the stock up by just 30 cents, then it proceeded to drop 2-3 when Citron issued a negative tweet. Now the stock is weak
fundamentally I don't know what is real what is hype. But technically it looks weak, further round of profit taking might send it back down to $28

 

[Chuck Krug]

unxl
interesting
i'll join in
looks like it'll squeeze here at close though.
got a moc order in

 

[Chuck Krug]

avg in short at 30.75

 

[Daal]

Quote from Chuck Krug:

avg in short at 30.75

this stock is a bitch. even when you make money you still hate yourself

 

[Chuck Krug]

when i put the orders in my thoughts were: 'this stock looks like a widowmaker'

 

[Chuck Krug]

got a stop at 34.5

 

[Daal]

Quote from Chuck Krug:

got a stop at 34.5

it closed green, wasn't expecting that. HFTs manipulate this thing all day showing fake bids. I probably get squeezed tomorrow now that citron drove shorts in and HFTs can force them to cover. think I will cover if it breaks $32 or $32.5