Thursday, September 21, 2006

 

Fly Sell: RACK

I sold short 5,000 RACK @ $28.15.

UPDATE: I sold short 5,000 RACK @ $28.25.

Comments:
Broker - interested in learning why you choose to sell short, rather than use put options?

Is it because of your short-term trading perspective in these situations? E.g. Shorting for a few days/week vs. put options expiring in several weeks/months?

Thank you,
Bike
 
Options are manipulated by dysfunctional men, who have nothing better to do than rip people off.

I tend to stay away from the option market.

Although, I have made monster killings in the past,my experience has been better with stock.
 
Fly - Interested in your reasoning for shorting RACK. Thx
 
I do not believe it will break out above its 50 day ma.

There is plenty of resistance in the 28-29 range.

Also, thety fucking embarrassed themselves with last quarters earnings.

Fuck Rack.
 
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