Friday, November 03, 2006
Fly Sell: SIRF
I sold short 5,000 shares of SIRF @ $27.31.
UPDATE: I sold short 2,500 shares @ $27.13.
UPDATE: I sold short 2,500 shares @ $27.36.
Disclaimer: If you sell short SIRF because of this post, you might as well (preemptively) sign up for public assistance now, since you will lose it all.
UPDATE: I sold short 2,500 shares @ $27.13.
UPDATE: I sold short 2,500 shares @ $27.36.
Disclaimer: If you sell short SIRF because of this post, you might as well (preemptively) sign up for public assistance now, since you will lose it all.
Comments:
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on SIRF, I'm carefully rereading the Disclaimer, checking for fine print ;)
Last time I shadowed your short trading, on ATHR, I wound up closing with a small loss and you wound up with a small gain. The difference was a matter of patience, I believe. Same thing with SIRF? It's moving the wrong way, but the speculation of record is that it's balls of steel will corrode in the face of a weakening market and GRMN ugliness? Or do you just hate 'em?
still learning after all these years...
Last time I shadowed your short trading, on ATHR, I wound up closing with a small loss and you wound up with a small gain. The difference was a matter of patience, I believe. Same thing with SIRF? It's moving the wrong way, but the speculation of record is that it's balls of steel will corrode in the face of a weakening market and GRMN ugliness? Or do you just hate 'em?
still learning after all these years...
# posted by 
: 3:54 PM
: 3:54 PM
Well, I feel strongly the stock is too richly valued. However, there is immense strength in the stock now and I know I am early.
My bet is for a quick sell off early next week.
I was not impressed by their qt and feel the PE is too high.
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My bet is for a quick sell off early next week.
I was not impressed by their qt and feel the PE is too high.
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