Sonic Money is a sounding board for my personal investments strategies and stock research. It will be updated in real time. As I make moves in these financial waters you will be able to either join in or watch from the sidelines. Either way my goal is to make money every day through picking long term stock winners, shorting stocks that shouldn't be posting gains, betting on sectors that are experiencing tremendous growth, and posting profits that make people take notice.

Friday, January 4, 2008

Shorting Netsuite on a down day @ 31.90

This is what you call a bad day in the stock market. I haven't seen my stock watch list look this down in a long time. I have shorted Netsutie again, sorry couldn't resist. I got in at an uncomfortable position but there were not a lot of shares to short. I am betting it's going to go lower than 31.90. I don't have a lot invested in it , like before but before I made $1000 in three days.