Forrest Gump 9 Posted February 6, 2015 Report Share Posted February 6, 2015 I've been tracking NUS for the last 2-3 years. Made and lost some $$ on it. But when I thought I got it figured out it threw me a loop. I've been buying it at ~$40 and sell it at ~$45. The cycle run about ten days. Anyway, yesterday they came out with their earning which they missed. The stock dropped about 4% but then something happened and the stock just went straight up and ended up with 16% gain for the day. Can someone explain what happened? Quote Link to comment Share on other sites More sharing options...
Supplicium Posted February 6, 2015 Report Share Posted February 6, 2015 Classic short squeeze. Id bet the short interest is up big time today and the last couple. Do you have a position in it now? Quote Link to comment Share on other sites More sharing options...
Supplicium Posted February 6, 2015 Report Share Posted February 6, 2015 Yup 450k more shares sold short the last 2 weeks. 1 year ago there were 2.8M short, to the day today its now at 6.6M short. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted February 6, 2015 Author Report Share Posted February 6, 2015 Classic short squeeze. Id bet the short interest is up big time today and the last couple. Do you have a position in it now? Nope. I sold mine right at $45. And see it kept on going up, pissed me off but oh well, I made some $$ Quote Link to comment Share on other sites More sharing options...
Tractor Posted February 6, 2015 Report Share Posted February 6, 2015 You did great, you stuck to your plan and exit. Sure sometimes you leave money on the table but that's trading. The good news is you didn't stay in due to greed and lose your shirt. If you want to try to take all that's on the table next time use trailing stop, but even that isn't a guarantee. Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted February 6, 2015 Report Share Posted February 6, 2015 If you were up 43% in a stock since September, but the dividend yield was decent, would you stay in it or liquidate? My Fidelity IRA allows options, but I've never done any strategies... Quote Link to comment Share on other sites More sharing options...
Supplicium Posted February 6, 2015 Report Share Posted February 6, 2015 If you were up 43% in a stock since September, but the dividend yield was decent, would you stay in it or liquidate? My Fidelity IRA allows options, but I've never done any strategies... If you want to hold: I would sell call options against the stock so you can continue to hold your long position and collect dividends with the up and downside risk. Selling the call would collect premium if the stock goes down to offset your stock loss. If the stock goes up you get the upside on your equity but lose the premium on your option. This I think is the best to do for any large long holding position. Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted February 6, 2015 Report Share Posted February 6, 2015 Well, I sold it. LOL. I've still got RIG and a few inverse ETFs that I'll rebalance I guess :fa: Quote Link to comment Share on other sites More sharing options...
Das Borgen Posted February 7, 2015 Report Share Posted February 7, 2015 I need a financial advisor any recommendations? Quote Link to comment Share on other sites More sharing options...
Littleguy Posted February 7, 2015 Report Share Posted February 7, 2015 At your age I say just buy a low cost index of the dow or S&P and save the money you would be charged in commission for a "professional" financial adviser to throw darts at a board just to hopefully keep up with the indexes. Quote Link to comment Share on other sites More sharing options...
cstmg8 Posted February 7, 2015 Report Share Posted February 7, 2015 I need a financial advisor any recommendations? We use Jeff Chaddock in Gahanna, and have been very happy with him/them over the last few years. Quote Link to comment Share on other sites More sharing options...
Tindall2006 Posted February 9, 2015 Report Share Posted February 9, 2015 I feel like I should take about 4k and play this game.... Where is a good place to start? Any good books? Quote Link to comment Share on other sites More sharing options...
oh8sti Posted February 9, 2015 Report Share Posted February 9, 2015 Ascend Advisory in Dublin. My dad is one of the 2 founders. Currently over $800m under management. Quote Link to comment Share on other sites More sharing options...
Tractor Posted February 9, 2015 Report Share Posted February 9, 2015 Best place to start is with a real market simulator such as the one on investopedia.com that's also a great site for basic reading on investing. A pretty good book is "trading in the zone". It's a little different since it deals with the mental game of trading which IMO is much more important than the technical side. Simple investing is a different yet similar game, just takes different skills/ time frames. You got a long way to find what works best for you, your personality, and the amount of effort your looking to put in. Hit me up for questions any time. I feel like I should take about 4k and play this game.... Where is a good place to start? Any good books? Quote Link to comment Share on other sites More sharing options...
Supplicium Posted February 9, 2015 Report Share Posted February 9, 2015 Nope. I sold mine right at $45. And see it kept on going up, pissed me off but oh well, I made some $$ http://finance.yahoo.com/news/nu-skin-nus-lags-q4-152503511.html Alot of bad news but the thing is still ripping. Interesting stock. Looks like it trades insync with HLF so if you dip back in I would add that to your radar for comparison. 5 year chart with HLF http://yhoo.it/1IEBvkH?soc_src=default&soc_trk=tw Quote Link to comment Share on other sites More sharing options...
o0n8 Posted February 11, 2015 Report Share Posted February 11, 2015 I need a financial advisor any recommendations? Sean Milner - John Hancock / Signator Financial Group http://www.sfmilner.com/ Anybody here look into preferred stocks? Started learning about them and it's peaked my interest. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted February 11, 2015 Author Report Share Posted February 11, 2015 http://finance.yahoo.com/news/nu-skin-nus-lags-q4-152503511.html Alot of bad news but the thing is still ripping. Interesting stock. Looks like it trades insync with HLF so if you dip back in I would add that to your radar for comparison. 5 year chart with HLF http://yhoo.it/1IEBvkH?soc_src=default&soc_trk=tw Yeah, I've been tracking them both, but only trade NUS. The last week had been brutal for me, lots of what-ifs. I feel like this stock about to drop big time. What do you think? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.