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xZx

06/04/09 7:46 PM

#3391 RE: ??? #3387

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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Pennyland

06/04/09 7:59 PM

#3394 RE: ??? #3387

thx for stopping by...

that's one bullish looking chart, needs to break that bull uptrend channel, to be a short candidate, future reference...