Those who follow me for a while will remember I shorted Deck a few times, well the stock finally deflated form high of 120 six months ago to down to 55.
Its all in the timing.
Showing posts with label Deck. Show all posts
Showing posts with label Deck. Show all posts
Monday, April 30, 2012
Sunday, January 30, 2011
Deckers
Just a quick short idea, my old buddy DECK.
For more detail read this Seeking Alpha post here.
Tuesday, June 15, 2010
Picture Perfect Kiss, now what?
The market today made a picture perfect kiss off of the SPX 1105 upper line today. As of blog post depicting the 4/10/10 stock charts, stated market in for a bull run up to 1105 as first major resistance level. Well today we hit it and bounced down. Does that mean its down from here? Hardly, it just means we are still in a significant no-mans-land for market direction.
Keep in mind Saturday is options expiration, so I expect some severe market moves into Friday and Monday. I wouldn't be surprised if we close higher Thursday and/or Friday and then tank lower on Monday.
Such an extreme volatility can't be good, but I guess time will tell. Also note Deck hit almost the old high. if Deck manages to cross over to 170, a real decent place to short with a tight stop. To the charts:
Monday, June 14, 2010
This Week in Charts and a possible short
Anyway, to the charts!
Wednesday, March 10, 2010
Best Trade of 2010 so far
For those of you that know me, I have had two anchors in my trading, double and triple short funds, pretty much for losers, and the other short DECKERS (DECK).
On Feb 25th, I bought some Deck calls as a hedge against losses, 10 of them for March 125 strike. As of March 8th, I was up over 1,700% on the remaining 3 I hadn't yet sold.
1,700% in 8 stock trading days, not too shabby.
Here is why I am sharing, I have lost more than I care to write on this blog shorting deck. So this trade is extra painful, that my most profitable trade was AGAINST a primary position. Ohh the irony is too funny not to share.
The trade below will remind me when things are going well in the future, to not get too full of myself. A painful reminder of need to be more open to exact opposite trade is just as valid a play. A luck-shot trade as protection AGAINST my primary position. Laugh at me the next time you see me.
On Feb 25th, I bought some Deck calls as a hedge against losses, 10 of them for March 125 strike. As of March 8th, I was up over 1,700% on the remaining 3 I hadn't yet sold.
1,700% in 8 stock trading days, not too shabby.
Here is why I am sharing, I have lost more than I care to write on this blog shorting deck. So this trade is extra painful, that my most profitable trade was AGAINST a primary position. Ohh the irony is too funny not to share.
The trade below will remind me when things are going well in the future, to not get too full of myself. A painful reminder of need to be more open to exact opposite trade is just as valid a play. A luck-shot trade as protection AGAINST my primary position. Laugh at me the next time you see me.
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