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Re: Smallville post# 829

Tuesday, 05/07/2013 4:47:53 PM

Tuesday, May 07, 2013 4:47:53 PM

Post# of 82575
As of right now, I am short in one account and long an equal number of shares in the other account. My net position is flat. If the price goes up or down, gains in one account are exactly offset by losses in the other account.
One day soon, when there is evidence that the price is probably not going to go any higher, I will sell my long position, but keep my short position. When every other "evil shorter" is desperately looking for shares to short, I will already have mine.

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