Breaking the cardinal rule folks. Holding onto my short positions. I recently made a 10% profit on a pharmaceutical stock that showed some explosive growth that day and it seemed logical that there would be some profit taking the next day.
Like a vulture I came into the stock high on the exuberant buying and saw it give back all its gains it had made the previous day. After reading the message boards I saw that it was poised to fall further.
My folks came over and convinced me to get out now and take my profits off the table. My dad even reminded me of when we were up in Vegas $3,000.00 and I was suckered back down to the tables by some young sweet girls only to loose every penny.
I don't want to end up like this. I don't want to end up like MC Hammer wearing parachute pants and singing gospel music. But I am going to hold onto these stinkers, I mean stocks for another day. I am documenting this so if I go south anymore than what I am at least you folks can laugh at me all together :)
Okay well here are my short positions and were they stand an hour or so before the bell.
TASR - $12.68 - Betting it will drop - $12.85 ticking lower :(
RICK- $14.50 - Betting it will drop - $14.89 ticking lower :(
PBR- $94.50 - Betting it will rise - $94.70 ticking lower :)
