GREY:SXRZF - Post by User
Comment by
tillbillyon Nov 19, 2010 2:30pm
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Post# 17731315
RE: RE: all good bull runs rely on shorts
RE: RE: all good bull runs rely on shortsI don't pretend to know why a man goes short on a stock. I do know that the last company I bought that was massively shorted was TCK.B. I bought at 3.90 and sold for 12&change.
1 thing you can be sure of is when the covering starts it can get ugly if they (shorty's) panic cover. If they short her down then cover, let her rise...short her down, cover they will get out hurt but not dead.
You see fundy's going long do the same in reverse when they are buying. That's the 2&3 penny bounces us daytraders live on.
Generally when a fund goes short one company in a sector they go long on another company in that Sector to hedge.
They pick the poorest in the sector to short and best of breed to go long.
If they are shorting UUU what fkn company are they going long on?
This indeed does sound like some-one has made a huge mistake.
Who in their right mind would short any Uranium producer in light of the uptrend.
Were either all wrong or all right.
Gotta luv the market....I love this country!!!!!!!!!
GLTA