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Traderfan

03/10/11 7:24 PM

#23094 RE: Drexion2004 #23092

Good stuff Fernando, I can only hope people here will listen to you. I'm shaking my head when I hear and read what kind of risk people take here right now during these uncertain times.


As such, all I can honestly recommend to people who inquire as to my advice is that they be prudent. Never put all your eggs in one basket such that if that egg breaks you cannot recover. This might involve position-size limits, hedging your position during this critical time for CCME, Avoiding margin leverage, etc.

I say this because in the short term, given the company's silence and the outstanding uncertainties, we simply do not know where the stock will go. If your levered on margin and it drops down to $8, will you be able to hold your shares? Will you be able to buy more, etc... Thats why some diversification and keeping dry powder is important, especially in times like this
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jjtruthmatters

03/10/11 7:33 PM

#23095 RE: Drexion2004 #23092

With the lack of communication from CCME, it's more likely than not that something unfavorable is ahead.

My bet is we find out soon why the short is so huge.
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researcher59

03/11/11 3:37 PM

#23698 RE: Drexion2004 #23092

Drexion: excellent post and almost prophetic in a sense. I'll be very interested in hearing your thoughts about this trading halt and the continued silence from the company (when you get back from Florida). It appears we'll have to wait until Monday morning at the earliest to find out what's going on.