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monkeybusiness

6,576 Posts.

12

25/02/16

16:40

Post #: 17117119
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Originally posted by binwood ↑

Well that is not necessarily wrong Monkey. Consider the alternative situation. You spend $1,000 to short $10,000 worth of BDR at 24c and the stock moves to 27c quickly and there is not much volume on the offer side you're stuck with a loss of $1,250. That is the $1,000 you originally put in plus an extra $250 you owe the CFP provider. All about risk/reward, but obviously if a stock is in a clear downtrend the risk is to some degree mitigated. Shorting for example BDR at the moment that is starting to form a nice uptrend (failed again to make a higher high today unfortunately though) carries more risk of your position moving against you.

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Was going to ask what's the downside!
Its another higher low today, just need the next step up.

@V* thanks for the earlier post!

BDR Price at posting: 24.0¢ Sentiment: None Disclosure: Held
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