time to short ONDK
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  1. #1
    Senior Member Reputation points: 54989
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    Shorting is a VERY risky move in general, your responsible to buy the shares back at the price it trades. so if the stock slowly climbs to 30 stays there for a year and then on a sunny morning you wake up to the news that Capital One acquires the company for 72 bucks your responsible for 72K. ( i am in NO way stating that scenario is going to happen).
    the better option would be perhaps to "straddle" on deck
    Last edited by mcaguru; 12-23-2014 at 02:52 PM.

  2. #2
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by mcaguru View Post
    Shorting is a VERY risky move in general, your responsible to buy the shares back at the price it trades. so if the stock slowly climbs to 30 stays there for a year and then on a sunny morning you wake up to the news that Capital One acquires the company for 72 bucks your responsible for 72K. ( i am in NO way stating that scenario is going to happen).
    the better option would be perhaps to "straddle" on deck
    What do you know about options? And what broker in their right mind cleared you to trade options?

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