Re:Kodak announces ICO, stock jumps 44%
by mikestew on Tuesday January 09, 2018 @04:31PM
(#16110304)
See what it does on market open. Don't be the pioneer, wait until the path is clear. IOW, if it opens higher and keeps going up, being the contrarian that shorts it only works for those with pockets far deeper than yours. Wait until it starts to go down a bit, and keeps going down.
That's what I'll be doing, anyway. But the more likely scenario is that the market wakes up and asks, "what the hell did we just do?", a bunch of sell orders stack up before the open, and it just opens down and stays there. So the good time to short might have been today, but great googly moogly that would an awfully risky trade. Something something irrational markets and solvency.
I don't know if you were trying to point out some assumed hypocrisy or not, but the summary is that at least one person on HN is looking at the possibility of shorting Kodak.
That's what I'll be doing, anyway. But the more likely scenario is that the market wakes up and asks, "what the hell did we just do?", a bunch of sell orders stack up before the open, and it just opens down and stays there. So the good time to short might have been today, but great googly moogly that would an awfully risky trade. Something something irrational markets and solvency.
I don't know if you were trying to point out some assumed hypocrisy or not, but the summary is that at least one person on HN is looking at the possibility of shorting Kodak.