Set up for an auto-exit DONT do it guys!
in response to
by
posted on
May 21, 2008 07:02AM
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Those of you who think you are outsmarting the supposed naked short sellers are making a tactical error, in my opinion.
When the volume of TDC shares traded jumps on news, you may find that you've sold when you would have like to hold on. If a buyer decides to gobble up shares up to a given limit, such as $3.50, then you've sold and missed out.
Is $1.5, $2.00 or $3.00 really your target?
I believe that you can ignore the naked short sellers, as their influence is day-to-day, and they will get burned on news or any spike upwards. So for long term investors, they are irrelevant.
SKELEG