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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.



43 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

By Anonymous on May 13th, 2008 at 6:46 am

Brett—Im back watchin SOHU again for a short(what else).Shorting right now is a bit risky in my opinion—see rimm,bidu etc but it will be better soon–I think..I may cover my RIMM short with a few bucks -nothing to write home about—-think i was early there–but if I do I will look to reshort it on a move up to yesterdays highs–Still holding my shorts on the above mentioned trades

By ARL on May 13th, 2008 at 7:31 am

Covered my RIMM short at 139.98—following it–to short again

By ARL on May 13th, 2008 at 7:06 pm

ADDING TO MY CNX POSITION SHORT IN THE 95.50 AREA.TOOK HALF POSITION NOW ADDING REST

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By Anonymous on May 14th, 2008 at 12:58 pm

OK MAKING MONEY IN CNX LOOKIN FOR 88 area
DUG WORKIN OUT TOO

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By WallStreetTrader on June 26th, 2008 at 10:08 pm

V is still rising in its trend so I would not short it yet. However on a close below $75.00, it may turn out to be a potential candidate for a good short.

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By ali on April 8th, 2009 at 9:08 am

Somx at 33 cents now at 42 cents
Somaxon Pharmaceuticals, Inc
insiders are buying huge amounts of stocks
I just bought some too. you might want to check it out

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