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I have a question for the rich people about holding a stock you know is the right way ( say based on known b.o.) but then it moves the oppos
example: there is a movie that will cashout this monday and looking at its b.o. will do so at no more than $25. This morning it was priced at $26.06 and I had been holding it short in anticipation of its cashout. But at reset, it went up ($1.25 at this point). So my question is:
1. Would this have likely been a stock you would have been holding short as well? or would you have "known" it could flip and thus not held it or known and been holding long? And if you were holding long, how could you have known it would go up, in direct opposition to the way it will eventually go?
2. If you said yes, would you then as soon as you saw it go up, then cover? or cover *and* go long?
3. and if you covered, would you get back in short closer to monday? or if you covered and went long, how would you know it would be worth the commission?
4. and if you did cover and go long, do you typically do that in all/most situations, and if so, doesnt the commission just kill your profits?
Please I am looking for specific strategy here, as this type of movement really frustrates me. Thanks
I have a question for the rich people about holding a stock you know is the right way ( say based on known b.o.) but then it moves the oppos Nov 28, 00:42
With no commision free trading and only a short time holding period stay with the direction of the sure profit. {nm} Nov 28, 12:57
thnkx guys. interesting to get opposite strategies so far {nm} Nov 29, 13:28
Crikey but you want the sun the moon AND the stars. But let me see if I can get you an answer of what I would do... Nov 28, 13:26
Point #3 only has validity if the stock has to delist on the Monday Nov 29, 23:15
I almost always let my movie stocks cash out. Rarely sell prior to cash out. Dec 10, 21:59
Depends on what happens around adjust, and whether or not it's a good movie Dec 13, 13:55
