GREY:ENGFF - Post by User
Comment by
stargazer1on Jan 07, 2008 12:17pm
328 Views
Post# 14161733
RE: Short ENG
RE: Short ENGThe problem with shorting a stock is that there is no limit on your losses. If the stock climbs 1,000% you could owe more money than is in your account and even life savings. You would be crushed financially. Only experts should short a stock, and they would never short a stock like ENG. It is easy to say short a stock such as ENG that has gone up 400% in a matter of weeks, but there is no fundamental reason why it should fall. And considering its potential, there is every reason why it will continue to rise from here. And that rise Could be 1,000% or higher. So please don't make glib superfluous statements such as: short ENG, EOM. If someone thought that you knew what you were talking about or had some adverse information on the stock and took your advice and shorted ENG, they could get crushed financially.