HSX Forum

Playing & Trading Strategy

Gotta question and/or need some advice about a short.

Posted by: Dorfman on May 19, 05:54

Ok so say you short a stock.  Maybe you shorted it a little early.  It's now gone up H$7.00  causing you to be down on the stock -5%.   You still think it's a good short.  Here's my question.   Do you cover the stock and reshort it at the higher price, or do you just hold onto it and still hope it's short your original price?

Gotta question and/or need some advice about a short. Dorfman May 19, 05:54

are you *sure* its a good short? if its based on box office where you know it will go down, then hold and wait. if you are just speculating, islander May 19, 06:14

half and half.. lol Half based on box office and other half is speculating. {nm} Dorfman May 19, 06:24

if it involves memorial day wknd, the holds are usually much better. {nm} islander May 19, 06:33

yeah that's the one kink in the armor so to speak lol {nm} Dorfman May 19, 06:51

Reshorting is just wasting commission. If you hold it, you'll still recover your loss if it goes back down. {nm} socby19 May 19, 07:31

I think you are better off just holding it..why spend $ on commissions? Hold it and you'll earn the $ back anyway if the short works! {nm} Flash May 19, 09:03

Yeah.. I know this. LOL Guess I still hate looking at H$500k in red. {nm} Dorfman May 19, 09:08

Yep, I do too...I'm upside down $3M on one stock, but I've kept it, knowing it will go back up at some point... {nm} Flash May 19, 09:10

Fantastic Beasts? If so, I'm doing the same. Still need to make back 2M of the losses. {nm} Willroast May 19, 14:50

ouch really?? Guess the director news didn't help you much {nm} Dorfman May 19, 15:54

Every little bit helps! Once it goes back over 110, I'll be even again. I think I'll need more than a direcctor for that though.haha {nm} Willroast May 19, 17:48

Oh I thought you meant you had shorted it. {nm} Dorfman May 20, 04:22

Glad I held out.. I was in the red half a mil now I'm in the green. {nm} Dorfman May 21, 12:04





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