Message Font: Serif | Sans-Serif
No. of Recommendations: 2
Hi all! This is my first post here, I was referred here by splotto in an ld post over on the DRiP Investment Companies board. I was just looking through some of the posts here to get a feel for the board, and this one grabbed my attention.

I think if this situation presented itself to me, I would keep my shares and also short sell the company, making money either way, and covering my shorts quickly. (Note: I have never shorted a stock before, so I am not sure if this strategy is feasible or not.) I notice that imClone shares aren't doing so bad recently, so a bit of bad news isn't a good resaon to sell what I already own, but it wouldn't hurt to short some on the side to make a bit of cash.

Mike in NJ
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.