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Post# of 157004
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ryanmnly

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ryanmnly

Re: Snook post# 24474

Sunday, 03/21/2010 7:21:12 PM

Sunday, March 21, 2010 7:21:12 PM

Post# of 157004
No, I'm saying it might be all we need. I don't know what it will go up to. Anyone, please correct me if I'm wrong here.

I believe that when someone shorts a stock and it goes up, there is a ceiling imposed by the broker that says it needs to be covered by a specified time. If it isn't, interest is tacked on. So at some point the interest cost of waiting for a stock to drop is more than the cost of just taking the loss and buying the shares.

Bet on the jockey, not the horse.

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