3SOF

finally shorting CBAK turned into a nice profit :-)

Quote from: 422fwhp on November 27, 2006, 12:46:24 PM
currently $7.21

Yes 422fwhp, I should have held a little longer or get back in when the stock wasn't able to close above the $8.07 resistance. You did well, I'm glad

looks like eventually this might turn out a good short

Yeah thats the problem with shorting it seems a lot tricker with the timming of the position then going long.

Does $6.30 sound about right for a buy-to-cover? 

GLTA...Jody


David...as my Dad once told me, "The sun shines on a dog's a*s somedays." 

Quote from: njshiva on November 28, 2006, 09:44:39 PM
looks like eventually this might turn out a good short

Yes, it looks like it will be. My reasoning was right, but timing, or stop loss was too tight.

Quote from: nullzero on November 28, 2006, 10:00:42 PM
Yeah thats the problem with shorting it seems a lot tricker with the timing of the position then going long.

Right. The possibility of a big loss, of more than 100%, is scary. And the potential reward isn't big. Generally one shouldn't short.

Quote from: 422fwhp on November 29, 2006, 06:58:34 AM
Does $6.30 sound about right for a buy-to-cover?

GLTA...Jody

David...as my Dad once told me, "The sun shines on a dog's a*s somedays."

Lol 422fwhp

$6.30? Yes, sounds good, but the ascending support just stands at $5.96 today. Good luck !

hrm...

Closed one penny above the 200ema at $7.43

I guess my trading plan will be to cover if it's set to close somewhere around $7.55

Still shorting.  Closed below the 50dma on increasing and above avg volume.

Looking long and strong now !