The Dean’s Trades: Short DDRX @ $6.91

April 28th, 2009 at 1:09 pm Posted by The Dean
Dear Students

I just shorted DDRX at $6.91 because it’s had a monster run up and today was its first day in the red. Originally I wrote about DDRX as a long on The Dean’s List 4/21/09 because the company released great earnings… but in my opinion since then its way overbought.

During the past 8 days DDRX has gained 235% and that kind of growth just isn’t sustainable regardless of how good their earnings were. Therefore I believe the tide is about to turn and the way to play DDRX is to go short.

The Dean isn’t the only trader who sees a change in the trend below. There’s other short sellers anticipating a big sell off…. many of whom learned this pattern by watching instructional DVDs on Short Selling.

ddrx_short_sale

Happy Trading, The Dean



2 Students Raised Their Hands

  1. Agggh I wanted to go long DDRX, guess I missed the boat?

    2. Stumac on April 28th, 2009 at 1:14 PM

  2. Hello Dean,
    I’m wondering if you are still short on this stock? Friday close is @ $ 9.12 (you start short @ $ 6.91 on Apr 28). Do you think there is really anything behind the rally of this stock and how long it’s gonna last. Thank you

    3. martini on May 3rd, 2009 at 2:13 PM

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