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EverydayInvestor (< 20)

It pays to be hardcore

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9

February 14, 2008 – Comments (7)

I love earnings season! RMDX.ob got killed today. So what if I had $20k in losses in it up until last week? I knew I was right, shorted a bunch more, and now I am seriously in the black. Just two more OTC companies left that I massively shorted. If they tumble then my big bet (borrowing a huge chunk of change to short more) will have paid off handsomely.

As always, don't try this at home, folks. I started shorting RMDX.ob at $1.87 and at one point had over a 100% loss in it. If you can't be comfortable with coming home to your spouse and saying "honey, I lost it all", then you should not play the shorting game.

On the other hand, MS research is not going to get any money from me--my short of ONJP.ob, that I have pledged to charity, has me $2k in the red so far. Ouch. 

Disclosure: I am short rmdx.ob and onjp.ob 

7 Comments – Post Your Own

#1) On February 14, 2008 at 2:30 PM, redearth329 (99.84) wrote:

I am ecstatic to hear that it's going well. You're up on the interest rate on your margin too, I hope. There are bigger balls on your jester's cap than mine, that's for sure. Still, I strongly recommend not being hardcore.

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#2) On February 14, 2008 at 2:58 PM, madcowmonkey (< 20) wrote:

You the man. I just don't think I could go that hard core "YO"

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#3) On February 14, 2008 at 4:34 PM, StKitt (31.67) wrote:

The more rocks in your sock, the easier it is to be hard core.

 ONJP.OB short pays you in the not-too-distant future.

 Gravity rules.

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#4) On February 14, 2008 at 7:45 PM, TDRH (99.84) wrote:

and the rent was WAY PAST DUE!     You are crazy man.

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#5) On February 14, 2008 at 9:08 PM, EverydayInvestor (< 20) wrote:

I have just one thing to say to you, TDRH. Booyah! Yeah, a little crazy here.

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#6) On February 15, 2008 at 8:58 AM, TDRH (99.84) wrote:

Follow the Booyah just to know which way the lemmings are running.    Tracked his pitch for Denny's in CAPS and took a beating.   His recent "Carnival" for investments in Brasil is about 4 years late. 

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#7) On February 15, 2008 at 9:54 AM, EverydayInvestor (< 20) wrote:

Yeah, but Cramer sure is fun to watch.

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