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Re: ??? post# 3387

Thursday, 06/04/2009 7:46:28 PM

Thursday, June 04, 2009 7:46:28 PM

Post# of 28749
hi greatgate -- sorry to hear of your predicament. we've all been there before. you could get a nice pullback that would break you even on that play, or it could just keep going. that's the problem with short positions.

i would recommend selling at least half of your position. and in the future use stop losses religiously. cut losses right away.

consider buying puts instead of shorting a stock. that way you don't tie up as much capital and your losses are finite.

good luck to you, and glad to see you here on the board. :)

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