3SOF

scottrade no problems here... so far havent had any stocks that said i couldnt short.

Quote from: nullzero on May 19, 2006, 01:05:57 AM
scottrade no problems here... so far havent had any stocks that said i couldnt short.

Man, I have to open scottade account then... TDAmeritrade is a pain in the A** I can't even short GIGM

hey Terliso - I'm with TDAmeritrade as well. No shares available? I've had this problem with them before with other stocks. Too bad cause GIGM looks like it's about to put in a Niagra Falls formation. I'm going to open a second account with Interactive Brokers and pull some cash out of Ameritrade. One thing IB allows that Ameritrade doesn't is shorting on stocks under $5. Wouldn't it have been nice to short GV at $2.80 last week Or the overbought mining stocks that were trading in the 2's, 3's and 4's.

Im going to short GIGM tomorrow set the stop loss at 10.30.. Going for 1000shrs to boot if I can get it.

So GIGM is that bad that everyone wants to short?  I saw Melf's post about rising wedge.

How is that different from consolidation up around 10?

And if GIGM is this bearish, maybe it would be an idea to sell some short term calls at 10 (no longer than July 06).

shorted 1000shrs of GIGM today at 9.81

GIGM droping fast... So far its a good short not alot of buying volume mostly sells and shorts

I have no confidence in the market for the summer, but I don't think the bull is dead yet.  Decided not to sell calls on GIGM, because 1) little liquidity with very few other options on GIGM at this point so manipulation should be easy for those who do that  ,  2) GIGM can bring suprises and volatility.
Looks like you guys are making a good bet, but I can easily take low 8's on GIGM.  Time to sell GIGM would have been at the highs to rebuy in  8's.

What about short on XMSR?   short low and sell lower theory

Good for you nullzero,

I don't know if I missed a good entry for GIGM today. .I thought it would touch the 10.00.area before going down.

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I missed my covering at low 9s it shot back to 9.70s and I was force to cover extra 1k I shorted at 9.14... ;( GIGM is dangerous lol can loose your shirt in it fast. Still alot of bull power in it

both IPAs and GIGM are on my short list.. never been more happy to see red....

HANS could be good.  Is this a double top break below 173 support in the making?

Possible target in the low 140's?

Yeah have an eye on HANS i just closed my last long position sold AOB for a -7% loss or so at 5.56. I am now shorting DHI, FITB, CA, GIGM

-- The Bull Measured move for GIGM has met, GIGM needs to retrace.
-- GIGM still a good short to own my estimated target would be about $7.90 to $7.50