I wonder when this will turnaround or if ????
Thinking about starting a short position here, anyone with me? Stock was unable to breakout after good earnings on August 15th and I'm seeing a possible head and shoulders or double top. Expecting the stock market to correct too, so a short position seems plausible here.
However, I want to see if it bounces off of the uptrend channel at about $13 first. Maybe get a dead cat on low volume and then that would make for an excellent short position to open.
Stock was at about $14, and I didn't have the balls to go with that short position. Now trading under $10, going to fall like a knife. Might try to short it on after some dead-cat bull days. Not sure.
I don't know what i would do here. Not a long play for sure. But I don't know if i would short either because of the current short interest. Over 50% of float is short and over 7 short ratio. This thing could fly on some positive news (my opinion only) and with my luck of late I would get squeezed. Should have shorted a couple days back when everything was tanking but I haven't done many short sells yet. still learning.