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Shorting V

I am taking a short position in V at $77.00. My stop is right above the high of the day.



30 Responses to “Shorting V”


By PHILTHY on April 29th, 2008 at 1:13 pm

Bold move - shorting V. This thing is like a freight train on crack.

I agree with you that this thing is way too extended to the upside - it should pull back at some point.

By Alex on April 29th, 2008 at 3:07 pm

Interesting..what is your rationale?

By Brett Goldstein on April 29th, 2008 at 3:19 pm

It stopped 2 cents above yesterdays high and started to pull back. I figured the run was done at 77.30. Boy I was wrong. I covered at 77.30 and re shorted it again at the close. I re shorted it because mastercard came off its highs so I think V may follow. This will probably become a botched trade but we`ll see how it plays out.

By Omar on April 29th, 2008 at 4:18 pm

Think big and go buy some puts

By Steve A on April 29th, 2008 at 5:56 pm

Brett, it’s a gutsy move shorting V. MA and V are wall street darlings. I would say set a very tight stop.

By Alex on April 29th, 2008 at 8:18 pm

I hope it works out for you bud. I do like how there aren’t a lot of people thinking of shorting V…usually a good sign! As for me, I like a short on oil these days.

By Brett Goldstein on April 29th, 2008 at 8:56 pm

Thanks Alex, I hope that it works out as well. It is more of a risky gamble, I am not too confident with shorting Visa but I am doing it anyways.. I like a short on oil as well. I went long DCR at 3.50 thanks to DOUG and I am still short USO. I really wished USO would have hit 100 cause I would have bought a boatload of puts.

By abdul on April 30th, 2008 at 2:25 pm

may wark only gold invast mant gold give me daly gold reprt

By ARL on April 30th, 2008 at 3:21 pm

V—shorted at 84.31 today holding for 80 area possibly 78 —-trade will work

By Andy on May 1st, 2008 at 2:07 pm

u got smoked

By ARL on May 2nd, 2008 at 7:45 am

OK–Anyone looking at V today??–Was confident the trade was gonna work–of course you can never be 100% sure with the mkts
My target on V is 78 area maybe a bit higher
Btw,No stops used on this trade–never use stops–can’t seem to put them in the right place anyway lol

By Brett Goldstein on May 2nd, 2008 at 7:58 am

I did get smoked on my first short but came out pretty good after all. I bought a bunch of puts this morning on the gap up and cashed in.

By zachary_8 on May 2nd, 2008 at 11:38 am

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Good luck!

By ARL on May 2nd, 2008 at 11:54 am

My next short is SOHU–around 77 maybe a bit higher—watch it—think we will see 72.50 area
No stops used–just watch it

By ARL on May 3rd, 2008 at 9:23 pm

Did not short SOHU–yet–think it may go a bit higher on Monday—looking at the 79.40–80 area
as possible short entry

By Brett Goldstein on May 4th, 2008 at 9:39 am

I will def be watching SOHU for the opportunity to buy a massive amounts of puts for a quick day trade.

By ARL on May 5th, 2008 at 11:16 am

Hey Brett–I shorted SOHU this morning at 77.48 and just covered a few min ago at 75.78
Still think it has more downside but I couldnt watch it so I covered it
Do you want me to post more trades that I do??
Im just watching AAPL now closely
Im out of my SKF this morning with a buck 10–think I got out too early on that one
BTW I mostly do short trades and daytrades but will do swing trades from time to time

By ARL on May 5th, 2008 at 11:18 am

PS I WAS LONG SKF(ULTRASHORT FINANCIALS ETF)

By ARL on May 5th, 2008 at 11:38 am

BRETT–Gettin close with AAPL–Will definitely short over 185 area—my target 178 initially
maybe lower

By ARL on May 5th, 2008 at 11:58 am

OK IM SHORT AAPL–184.47—-MAYBE A BIT EARLY BUT THIS TRADE SHOULD WORK

By ARL on May 6th, 2008 at 6:56 am

Brett–U watching AAPL—gonna cover soon

By ARL on May 6th, 2008 at 7:24 am

Brett–covered my short on AAPL at 182.46—2.00 buck profit—still think it has little more downside but movin on now

By ARL on May 6th, 2008 at 9:02 am

New trade–gonna short XLE around the 85 area–should it get there
and lookin at X–to short over 173

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By sean22 on May 7th, 2008 at 9:38 am

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Good luck!

By Brett Goldstein on May 7th, 2008 at 1:59 pm

Nice trades ARL. How do u like SHOU today. I 4got all about it . Was goning to buy some puts. I am holding my X puts and think they will pay off. Keep up with the good trades

By ARL on May 9th, 2008 at 3:05 am

Brett—Im not following SOHU anymore—made my $$ and moved on
Im lookin at IBM to short but not here not yet
ARE U WATCHIN X–thats gonna be a good short soon real soon
Those X puts will work for you–I am fairly confident
I make make the trade soon
Best in your trades
ARL
PS I was gonna short GS at 198 a few days ago–was involved with other trades and didnt follow it closely–Oh well cant catch them all

By Brett Goldstein on May 9th, 2008 at 10:01 am

Hey ARL, I have been watching X and have had 5 heart attacks as it approached 174 yesterday. But its down some today and hoping for more to come.

By ARL on May 10th, 2008 at 12:20 am

SHORT TODAY CNX at 91.82–Target 86 area–took half my normal position but will add if it moves higher
Still watchin X-remember my target at 162-63 area
Bought DUG at 29.46–target 34.50-35 area
V did get to my target but I had no patience BUT will hold CNX and DUG
X–may(not sure) run some stops–then think it will fake out and drop

By ARL on May 12th, 2008 at 9:07 am

Shorting RIMM at 140.48 now –lookin for 135ish area or bit lower
Still with CNX and DUG
Correction on CNX entry–90.82 target 86 area

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