Comments on: NutriSystem Inc. (NTRI)

By: forex

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By: Zach

Zach — Wed, 10 Oct 2007 12:45:24 +0000

Thanks Mark, I’ve been out of town so just now getting back into the swing…

To walk you through my trading on NTRI, I shorted 3,500 shares on 8/17 and then another 2,500 on 8/30. on 9/14 as we touched the declining 50 day, I bought 75 of the Oct 65 puts. on 9/20 after we sold down near the previous low, I covered my stock, leaving the puts on the table. Then after the announcement, I bought in 2,500 shares (1/3 of my put position) to lock in some of the gains. I ended up selling that stock yesterday and will likely either turn out the puts before expiration, or buy in the stock soon to have the puts exercised against.

Borris – good to year from you… WFMI looking good off the low. I should do a little more digging as its been a while since I’ve traded this one. I don’t have any great new short ideas. There just don’t seem to be too many attractive set ups. But you will be the first to know when I get more short exposure.

Thanks for your comments guys and for reading!
ZDS

By: borisb

borisb — Tue, 09 Oct 2007 01:54:46 +0000

any new bright short ideas?

By: TraderMark

TraderMark — Fri, 05 Oct 2007 18:50:26 +0000

Zach, grats on a great short! In this market it has been hard to be short anything the past few weeks so kudos to ya.

When you say trade around do you have an ultimate target for the stock lower? Are you taking any off the table here or just going full bore? I’d expect some dead cat bounce within a week at least, but you definitely caught the meat of the move!

By: borisb

borisb — Thu, 04 Oct 2007 21:59:24 +0000

in the same category, retail distribution of nutrition and diet, Whole Foods Markets. wfmi. what is your perception of
12 month bounce potential if any. wfmi. ?

By: Zach

Zach — Thu, 04 Oct 2007 16:32:21 +0000

While I’m not giving advice… if it were me I would DEFINITELY NOT BUY MORE. You should write on a card in big red letters and paste it on the wall next to your computer “DO NOT AVERAGE DOWN”. That is a dangerous habit to get into. If a position is not trading the way you expect, it means your analasys was incorrect or your timing is wrong. The best thing to do is to liquidate the position to give you a clear head… Then after a day or two, go back to the drawing board and decide if you would like to make a brand new investment in the stock based on the information you have today…

Good luck with the stock and your investing. Its ok to be wrong – it happens to everyone. The true winners are wrong, but they are not willing to STAY wrong.

ZDS

By: Mike

Mike — Thu, 04 Oct 2007 16:25:43 +0000

I purchased this stock at $50. As of Oct 4, I am down 42% of my investment. Please suggest if I should sell the shares at current price, hold them or buy more to lower down my average. Response will be greatly appreciated.

Thanks.