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Smart Stock Trade?

Discussion in 'BlackHat Lounge' started by Vonais, Oct 10, 2014.

  1. Vonais

    Vonais Power Member

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    I short sold LAKE 10k this afternoon. In case you didn't know, the stock surged over 50% today. The company makes protective suits that may be useful for treating Ebola patients. In my opinion, Ebola is all "hype". I doubt that anyone infected with Ebola will appear in the U.S again, so these protective measures will be useless for the disease at hand, thus causing the stock to plunge. What do you guys think about this? Smart or stupid? Be welcome to share your own insights on other stocks as well.
     
  2. Trepanated

    Trepanated Supreme Member

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    Did you short it before or after it surged 50%?
     
  3. Vonais

    Vonais Power Member

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    Lol. After man.
     
  4. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

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  5. Trepanated

    Trepanated Supreme Member

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    I've heard rumours about those 'special new interest bearing accounts' but I always thought they were an urban myth.
     
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  6. redmoon

    redmoon Regular Member

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    It depends. I usually play put options on a hype pop. Alot safer (and cheaper) than shorting. No options on LAKE so I have a 3 day rule on shorting. Alot of ppl shorted PLUG, PBYI, ICPT when it popped and went bankrupt. Best thing to do is ride the hype and short when its overvalued.