News Focus
News Focus
icon url

ratobranco

08/22/11 9:55 PM

#85363 RE: ratobranco #85362

Caveat on my picks. You make each name a small enough position, maybe .25% of a portfolio, so that you don't need a stop. We know these stocks are going to zero, but we obviously don't know where they will go in between, so we need to take positions that are either sufficiently hedged (very difficult given the exorbitant price the market demands to hedge China RTO plays right now), or we take a small enough position that a 200% move or so will not be excessively painful.

I admit that's not necessarily the best of offers, much better would be for it to be Feb 2011 right now so we could short at reasonable cost with huge potential downside. But you have to take what you can get.

My point is that just because it is hard to make money on the short side in these fraud names doesn't mean that you won't lose all your money on the long side. You will, believe me. All of it. If you disagree, buy a couple of these turds, tuck them away, and come back in a few years. One share won't even be worth enough to buy you a postage stamp.
icon url

joenatural

08/22/11 10:19 PM

#85364 RE: ratobranco #85362

Huh ? I may have lost money on buying GURE on a false 10Q alert, but the last 4 weeks have been excellent for the lousy market we're in. I'm certainly NOT losing money .......

"Look at JoeN, a great trader--but even he admits he's losing money. Just look at his post on here a couple days ago."
icon url

HarryDee

08/24/11 11:46 AM

#85392 RE: ratobranco #85362

Shorting more EDS here.. 2 big up days and I don't see any news. Anything i'm missing?
icon url

researcher59

09/23/11 2:11 PM

#86015 RE: ratobranco #85362

Gold -$100 to $1639 .... looks like a double top to me. Whether it can hit $2000 anytime soon is in serious doubt right now .... and $3000 is strictly a gold bug's pipe dream, imho.

Anyone who went long Gold futures at $1900+ is losing their shirt !
icon url

researcher59

09/23/11 2:15 PM

#86016 RE: ratobranco #85362

GURE may be a scam but turned out to be a super trading buy at $1.88 .... just a few days ago it hit $3.28, up an amazing 117% in just 4 weeks .... that run must have had some of the shorts covering.