Yhoo

[BettorsChat]

looking for it to continue to head south.

Broke a low point that it hasn't seen since april 2004.

[moondog22]

Knew I should have shorted,missed opportunity

[BettorsChat]

Knew I should have shorted,missed opportunity

Don't think so as I believe its coming down more! Could be wrong though, but I don't like shorting stocks.

[DIRK]

crap bought this stock 40 shares at 31.50 down 250 bucks. I'm hoping it evens out or close and I can sell.

[BettorsChat]

crap bought this stock 40 shares at 31.50 down 250 bucks. I'm hoping it evens out or close and I can sell.

Always set a stop loss

[DIRK]

I forgot what stop loss, short etc are shit, Can you fill me in

I only know market, limit basic stuff now, brain freeze or too much time on sports.

[BettorsChat]

Stop loss is how much you're willing to lose.

If you bought the stock at $31.50 and 40 shares how much money are you willing to lose? If its $200 then your sell price/stop loss not including commission would have been $26.50. $31.50 minus $26.50 = $5.00 x 40 = $200

Shorting a stock is when you believe its going down. So you sell a certain amount of shares then re-buy at a lower price.

Example short yhoo at $31.50 then rebuy it back at say $29.50 = $2.00 per stock profit. Like I said though I don't like shorting stocks as you can lose your ass since good stocks over the long haul have a proven track record of going up.

[DIRK]

thanx man

[moondog22]

thanx man

just want to mention that if you research the stock,shorting can make some real nice money

[BettorsChat]

yhoo $23.00 now

[DIRK]

damn should've bought it was at 22.5 i think now at 26.25.