#5
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Re: MSO
There wasn't a big window where you could have shorted it and done okay. The reason being that at around 2PM EST, rumors were flying that Martha was going to get off clean. The prompted the stock to move from the 13s to the mid 16s in relatively short time. Anyone who had shorted prior to the rumor-induced spike would likely have gotten stopped out of their positions.
And it takes some real cajones to short into that spike. MSO trading that day was pretty wild. Since, the actual verdict was the polar opposite of what the rumors suggested. And, no, I didn't touch MSO either way. -RMJ |
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