The Boom-Boom Room

I tend to maintain a large number of very small positions, as opposed to a handful of huge positions.

In doing so - particularly these days, when I am focused on finding high-quality shorts - there are usually a few stocks each week that bear fruit in a big way on the bearish side. Here, for instance, are a couple of shorts I am in which tumbled nicely today:

What I try to remember about events like these - - as with my STEC example yesterday - - is that big drops often establish a new, predominant trend in the security. I shorted these stocks in the first place because I felt there was as lot of room between their present price and their support levels. I'm hanging on to both of these - with tighter stops now - based on this assumption.