RE:RE:RE:RE:RE:Shorts are making a killing...can you show medaveinmiss wrote: Thanks Health, Your post was informative to me. From what I read, shorting can have its challenges at times.
Of course, I have absolutely no control or influence on Mr. Hulot but hopefully that will not deter any other short, who wants to offer their insights with their specifics or more general tactics
daveinmiss.. I don't want to sound like I am a short expert.. But there is a big difference between being a tactical short (shorting on the pumps up or news) then establishing a short position in, say October, 2015 like Cohodes and Michael Krensavage. (Krensavage, by the way, is the best in the pharma space in my opinion. His returns speak for themselves) Shorts like Cohodes and Krensavage aren't bothered by the daily movements in the stock..They are not traders. For instance HCG has gone up gone down ... and so on.. but he has publiclly been short since 2015 you have seen the share price chopped in half. So when I see posts from MrHulot saying he got creamed today in HCG because the stock went up to such and such it is really irrelevent to shorters who have taken a position that the company will go to zero.
If you are a terminal short you don't care about the daily movements and he is betting for CXR and VRX to go to zero just as Krensavage. (Krensavage had an interesting video on BNN about concordia in October when the stock price was at $6 and people were saying, how can you be short at such a low share price.) Most shorts don''t have this kind of patience and the cost of borrow becomes too high for the last couple of bucks ... and the average retail joe doesn't have milllions upon millions on the line either to wait for a company to go to zero, even though they may know it will eventually be bankrupt.