WLT: Short This Bubble
June 20, 2008 12:20 AM
If you have been waiting for a chance to short a bubble stock, tomorrow could be it. If the market had not closed positive, I would definately say short this thing right here. Anyhow, the trade is to short WLT right here with a hard stop above $107.97. I have been watching this hype get out of control and wondering when and where this would end. The stock is grossly overvalued by any measure, IMO, and it is a short. I see nothing to stop the fall well below $100.
How many sites or Talking heads will say short a stock at the all time high? i have done it on here many times, and thus far have been correct. It is short, just have the stop in.
If you are an options trader, you may want to look at the puts right here.
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There. An opinion for all the world to see. Short at the all time high. :o)
Good call on WLT
The comical thing is 99% of people search the 52 week high list to buy - I look at it to see what is a short…ha.