kewp-
I believe in slowly taking profits if your prognostication proves correct. Holding a bear position while trying to hit a home run seems suicidal to me.
The entry point is hard, I know of no magic formula on that one. Jumping on the band wagon once the down trend is obvious is awfully dangerous.
As for CFC or IMB, I can’t imagine shorting those companies between now and the Fed meeting. Then again, what if the Fed holds? Both companies could fall precipitously in that scenario. Are you willing to bet that this time, Bernanke will go against Wall Street, after he absolutely torched the bears in August and September?
Didn’t Orangezillo just pull something like this back in July/August? He came out bragged about having X billion dollars in liquid assets( stock jumps) then a rash of bad news came out just days later (stock plummets).
Didn’t Orangezillo just pull something like this back in July/August? He came out bragged about having X billion dollars in liquid assets( stock jumps) then a rash of bad news came out just days later (stock plummets).
Didn’t Orangezillo just pull something like this back in July/August? He came out bragged about having X billion dollars in liquid assets( stock jumps) then a rash of bad news came out just days later (stock plummets).
I don’t think there is anyone out to ‘game’ CFC specifically. What I suspect is that there is some hedge fund(s) out there that watches for excessive shorting activity of some stock, then uses its large cash reserves to buy up (and run up the price). This forces a mad dash to cover the shorts, pumping up the price more, at which point the hedge fund dumps it.
So, I don’t think the run up is related to the bad news directly, other than it attracted a rush of little-fish shorters.
I don’t think there is anyone out to ‘game’ CFC specifically. What I suspect is that there is some hedge fund(s) out there that watches for excessive shorting activity of some stock, then uses its large cash reserves to buy up (and run up the price). This forces a mad dash to cover the shorts, pumping up the price more, at which point the hedge fund dumps it.
So, I don’t think the run up is related to the bad news directly, other than it attracted a rush of little-fish shorters.
I don’t think there is anyone out to ‘game’ CFC specifically. What I suspect is that there is some hedge fund(s) out there that watches for excessive shorting activity of some stock, then uses its large cash reserves to buy up (and run up the price). This forces a mad dash to cover the shorts, pumping up the price more, at which point the hedge fund dumps it.
So, I don’t think the run up is related to the bad news directly, other than it attracted a rush of little-fish shorters.
