Quote from bestfriend:
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.
I am not a big player like you and my trading size is usually 2K shares. You are worried for nothing. TXN will be traded below 35 for sure. I did not mean that it will go lower but if I were you, I would keep my position and won't give them the satisfaction. No take over talk on TXN. Your short price is good. Some shorted at 32.5. I am 100% sure we will see 32.5 in a month and less than that.
