Opinion vs Experience
January 10th, 2006 by BWV
I’m glad there’s no rule in the market that says you have to marry any of your forecasts. NTES was mentioned here as a possible short if it broke down thru the $56 area. Not only did it not break those lows, NTES exploded higher.
If you’re looking for an explanation, search Yahoo Fianance or Google because I don’t know or care why.
Even if I had the inclination to short it before it started to break down.. and I do that often.. I’d have stopped myself out for about a $2 loss when it broke $60.
Committed (ie stubborn) shorts would be sitting on another $8 worth of losses. I think it’s wiser to play stocks like a poker game and fold a losing hand… well before you are praying for your card on the river.
