RE:RE:And for the record, I'm on the sidelines, short biased Maybe you are drastically wrong and you expect the UK bill to destroy the stock? You don't have a clue. I will tell you what to hope for....wake up one day and see the stock shoot up so you can tell yourself how dumb you were to hold the short position simply to avoid paying taxes. Your a clown
Craigbad wrote: Don't worry Pro, I pay my taxes! Lol
I just have a longer timeline. Even a small retail short position of 5000 shares over 3 months old would trigger an extra 6 figures of taxable income this year. I doubt people will be rushing to cover before year end in such a good market year. I expect the UK bill to pass in the spring and I think it will destroy the stock so I'm hoping to cover half in the $2-3 range. May work out, may not. I will acknowledge there could be a great momo trade here with significant insider buying, I just don't understand why all these guys with 7 figure salaries aren't supporting shareholders unless something is drastically wrong.
PROtrading wrote:
I covered yesterdays at the lows. I'm currently on the sidelines watching like VF. And I'm considering going back on the short here at $4.80
And unlike craigbad, I'm happy to pay 20% on my gains. That helps fund schools, hospitals roads etc. Or you can do a "genius Donald Trump" and get others to pay your taxes!
HOLD is the play here unless you are pro trading, then CHARTS is the play here! I'm making money on this dumpster with a short bias until something fundamental happens.
It's 50/50 right now so I'm watching only from this point.... I also want to see if pumpers here are stupid enough to lie to try to inflate this.
I see some small US shorts covering but the flock leader isn't and I wouldn't either unless insiders bought a SIGNIFICANT amount of shares.