Where will TXN open

Nice call? I shorted 39,000 shares at $34.45 after hours and now it's $35.50.

So I was on the wrong end of this. I really am more worried that someone will make an offer overnight. That seems to be my overriding concern about shorting anything these days. I could really lose a bundle under that scenario.
 
Quote from bestfriend:

Nice call? I shorted 39,000 shares at $34.45 after hours and now it's $35.50.

So I was on the wrong end of this. I really am more worried that someone will make an offer overnight. That seems to be my overriding concern about shorting anything these days. I could really lose a bundle under that scenario.

Jesus, I thought you went long. I hope it pulls back for you. That is sick action at over 1M, I admire your balls for that kind of play.:eek:
 
Quote from bestfriend:

Nice call? I shorted 39,000 shares at $34.45 after hours and now it's $35.50.

So I was on the wrong end of this. I really am more worried that someone will make an offer overnight. That seems to be my overriding concern about shorting anything these days. I could really lose a bundle under that scenario.

You and I think alike. I shorted the hell out of this spike. Unfortunately, like all the other techs, its holding so far after hours.

I thought to myself - give it 5 days to shake off, at least to fill the gap. This is, after all, TXN. I don't think it'll run away. Not quite an ICE.
 
Actually pump, the doctor told me my balls were rather small and sent me for a testosterone test. Perhaps it's the thing hiding my balls that was just bigger than normal (and i'm not referring to my stomach).


And...I am not waiting 5 days. I am out at or before the open. It's just a trade for me.

I'm lowering my opening target to $34.87. Let's see what happens. There's quite a lot of GTC stock in the book below 35.


I will post my total short position and avg price before the opening so everyone can send me a beer.
 
Quote from bestfriend:

Actually pump, the doctor told me my balls were rather small and sent me for a testosterone test. Perhaps it's the thing hiding my balls that was just bigger than normal (and i'm not referring to my stomach).


And...I am not waiting 5 days. I am out at or before the open. It's just a trade for me.

I'm lowering my opening target to $34.87. Let's see what happens. There's quite a lot of GTC stock in the book below 35.


I will post my total short position and avg price before the opening so everyone can send me a beer.

39k shares?? is this opm or yours? Thats some pretty substantial size.
 
It's mine, at least 100% of the loss or profit (loss most likely in this case) is. I did this once with HPQ and was short 110k shares (and down over $100k) before the open but ended up losing $7,500. Naturally, I have had some good winners or I wouldn't be doing it.

What happened here is I knew TXN was going to come out with earnings and I left some orders out on ARCA while I was in a meeting after the close. "They" printed right through me and went to $35 immediately. I guess any opening below $35.50 I can live with. If it goes to $36 pre market I will prob short twic as much.

Just pray there's no takeout talk or a bid overnight--I can't pray cuz I'm an atheist--well, actually I COULD pray, i just wouldn't know to whom.

It's nice to have some friends to chat with while I wait to see if I get screwed.

I really am tired of the pressure of this game.
 
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