BOUNCE

[eagle_2975]

If I thought that I was fundamentally wrong on a short play, yes, I would cover. I don't like to cover at a loss often but sometimes you have to face the fact that you screwed up and take your loss rather than let it get worst. I took my lumps with VRX and am very glad that I did as it would have caused a lot of pain. Last year, I took my lumps on TRID and am also glad that I did. With IIIN however, I see no reason to cover. The stock is at-time highs having tripled this year. Insiders were dumping in the $20s, $30s, and $40s and the only analyst covering the stock has a $37 price target on it and $4.29 EPS estimate for the year; if you back out their q1 results they were not on track to hit that number too, btw. They make concrete reinforcing and industrial wire products, not some high growth tech. product. Just look at an all-time chart and tell me if you would be in a rush to cover. What reasons do you see to cover?