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View Nick Gagnon's Comments
Research In Motion Short Sellers Will Not Get A Second Chance
George, I traded pairs for years and can tell you there were many times I lost good cash on my shorts that were offset by gains in the long stock it was paired with. Having said that, anyone that was still short RIMM down around 6-7 had a horrible risk/reward scenario. I think I'd rather sell naked puts at those price points...
Dec 21, 2012. 12:53 AM
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What I Learned From Shorting RIM
Suggesting shorting stocks that are takeover candidates is an absolute recipe for disaster. I've held 5 long positions in companies that were tendered offers and been short once (
); I know of fellow traders that had large naked short positions in POT during the BHP buyout rumors, and the risk/reward distribution profile of returns is equivalent to picking up pennies in front of a bulldozer.
Why don't you at least suggest synthetic puts, so the individual short doesn't end up like the guys shorting Volkswagen - completely bankrupt!
Dec 27, 2011. 01:33 PM
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