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Gregan1209

04/02/14 3:42 PM

#8294 RE: Plugnewbie #8292

I jump in and out of it when I see opportunity. I bought in yesterday for the 5th time at 7.43. My position with them is that they're going to make an announcement, hype is building, 7.45 seems to be the floor, there aren't shares left to short... This is a good opportunity to let my money work for me until the announcement comes. Once the announcement comes I'll unload my position while the stock is still climbing to ensure gains.

Longs will bash me for my strategy but I don't short the stock, I just take the margins that are guaranteed 10-20% and move on to the next play. It's a business, too many people grow emotionally attached to their position, which will wipe the floor with them if allowed.