Good Afternoon,
This is just an update on the JKS situation. I shorted some more this morning, bringing my average price up a LOT. I think a more 'correct' short opportunity will come once this trendline breaks, but generally I'm still bearish and might add more short in the event of a waterfall. This company simply isn't worth it's current price.
This is just an update on the JKS situation. I shorted some more this morning, bringing my average price up a LOT. I think a more 'correct' short opportunity will come once this trendline breaks, but generally I'm still bearish and might add more short in the event of a waterfall. This company simply isn't worth it's current price.
As it continued it's ramp up, I shorted at 69, and then I shorted a large quantity at 78. The run up to 90 this morning / last night in non-market hours was quite painful, but it finally took a dip and I'm just glad to be done with it at this point. Net of everything, My cost basis short was about $72, and I covered the short this afternoon at 68.5. The hardest 3.5 points of my life. Some lessons learned here for myself going into the future.