iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,121 Blog Posts

Putting The Work To Shorts

Step up and short the best looking technical setups you can find. Sell, naked mind you, shares to me. If you would be so kind, allow me to use leverage.

Then pucker up. You are about the feel the stiff grooves of my juicer. You will be squeezed, and I will drink your blood. Your meat will be discarded in the nearest waste receptacle.

The false move, fast move is working until it doesn’t. Amazon has been my ‘tell’ for the duration of this strategy. If that stock plummets into the cold abyss then I will cease performing this hedonistic practice.

I managed to scale off a piece of S today which brings my cost basis down to $3.71. Knife catching is much more passive with a cost basis like that, yes?

Other moves: scaled most of my weekly FB calls and scaled half of the CLDX shares I took $20 delivery on last Friday. Running and gunning. Puts my cash up to nearly 35% ahead of the big ECB meeting aka I am back in the bunkers ready to pounce like a tiger, long or short.

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8 comments

  1. BlueStar: Contrarian Investor
    BlueStar: Contrarian Investor

    I bought some 2/6 AMZN puts today. Let the games begin.

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    • Raul3

      I’d imagine you were not shorting into the hole. Those are the ones I seek to juice.

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      • BlueStar: Contrarian Investor
        BlueStar: Contrarian Investor

        Correct. I have cash short with higher cost basis. I bought the ichan pop. I am playing the 1/29 report.

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  2. matt_bear

    thoughts on KBH, sir?

    i’ll be buying AMZN puts as well. sorry. i’m a bear.

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    • Raul3

      with KBH you know what you’re dealing with, a fast falling knife. Pick your levels, accept the risk and give it a try if you want. But stick to your risk! That’s not the kind of chart that will bail you out. Like this Sprint trade, for example, has way less speed to it.

      That being said, its becoming oversold on quite a few indicators…

      Thanks for sharing your AMZN bias, I actually am not in AMZN, but rather using it as a proxy.

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  3. gorby

    To many bears.

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