RE: Hi Sky -shortsHi Sky -- I would be very careful about shorting HAO at the present time. Sure, down the road it could very well be a short, but very dangerous right now. You want to shorts stocks that have lots of overhead supply, lots of traders locked in ready to sell and get even -- but not stocks that are about to run in blue sky territory. HAO could do anything from here - $2 - $3 - who knows! The Tar Sands are hot and going to get hotter, so -- just be careful. I short stocks as well, but wait for them to crack support and move into a downtrend. Jason and this team are very good promoters and this stock is primed to move. I say -- wait to short it. Just my thoughts on the matter. Zeta
Zeta,
I hear what you are saying, and that's pretty much my strategy. For right now, I'm not playing this paper in either direction. By wanting/needing it to "break a Buck, first" is because I don't believe that I'd be allowed to short anything under a Buck - not certain, as I haven't shorted anything in well over a year. Regardless, I'm not a day-trader, so if I'm going to buy something I typically intend to hold it for a few months - unless I get stopped out, and if that happens well the stock must have dipped quite a bit to trigger the sale.
All I really want if for Management to provide me with detailed reasons for why I should buy this stock. If that happens at a higher price tag then this, well so be it. My reasons for requiring solid data should be obvious; however, for some in this BB (as well as Management) it is quite complicated. To each their own...
Cheers!
Sky