I got burned hard on KBIO. Looked like a runner and then handed me my ass when I got in. I should have paid more attention to the part of the HTMM DVDs where it was said that you need price action AND news, and this stock was missing news. Short would be a good idea, but there might not be any shares to short out there.
The problem with shorting ITEK is that it's well cashed up (about 5 years of cash at current cash burn rate, after subtracting total debt), so the only way it will go down is on bad news, or a sudden massive loss of interest in the stock. Therefore, I suspect its decline will be slow, and probably not worth the risk and expense of an extended period short.
Totally agree about TRVN, I'm not able to make much sense of the chart either. As for FORD though, I am looking to short FORD too, but waiting for the daily volume to die down a bit, or else it will probably just sit there.
I got burned hard on KBIO. Looked like a runner and then handed me my ass when I got in. I should have paid more attention to the part of the HTMM DVDs where it was said that you need price action AND news, and this stock was missing news. Short would be a good idea, but there might not be any shares to short out there.
The problem with shorting ITEK is that it's well cashed up (about 5 years of cash at current cash burn rate, after subtracting total debt), so the only way it will go down is on bad news, or a sudden massive loss of interest in the stock. Therefore, I suspect its decline will be slow, and probably not worth the risk and expense of an extended period short.
Totally agree about TRVN, I'm not able to make much sense of the chart either. As for FORD though, I am looking to short FORD too, but waiting for the daily volume to die down a bit, or else it will probably just sit there.
@RedScourge I guess we'll see tomorrow!
Join now or log in to leave a comment