$1,793 Profit
CHGGShort Stock
Entry comments: REhsorting on its failure to hold the breakout at 8 with Seeking Alpha expose coming tomorrow (as has been widely shared in chatrooms/on Twitter) I like the odds of a morning panic or gap down for 30-50 cents/share, only slight risk if expose doesn't happen or it breaks above 8/share resistance, VERY important to know it's not a big overnight position for me, small position given the stock's choppiness
Exit comments: Got the expose, got a gap down, but just not as much as I wanted and this stock is frustratingly choppy so I'm taking SAFE profits
Newsletters:TimChallengeTimAlertsPennystocking Silver
Broker:Interactive Brokers
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Position Updates
- Jun 25, 14 3:33 PM: Shorted 9200 at 7.95 - REhsorting on its failure to hold the breakout at 8 with Seeking Alpha expose coming tomorrow (as has been widely shared in chatrooms/on Twitter) I like the odds of a morning panic or gap down for 30-50 cents/share, only slight risk if expose doesn't happen or it breaks above 8/share resistance, VERY important to know it's not a big overnight position for me, small position given the stock's choppiness
- Jun 25, 14 6:54 PM: Added 2000 at 7.81 - Added to my short on actual news of this Seeking Alpha expose http://tim.ly/1jjOM0J that just came out, author makes a good case of why it should be trading lower, we'll see if he has much influence tomorrow, my goal is to make 30-50 cents/share, support at 7.40ish
- Jun 26, 14 9:32 AM: Covered 11200 at 7.77 - Got the expose, got a gap down, but just not as much as I wanted and this stock is frustratingly choppy so I'm taking SAFE profits
| Date | Price | |
|---|---|---|
| Entry | 6/25/2014 | 7.925 |
| Exit | 6/26/2014 | 7.765 |
- Total Views985
- Position Size11,200
- Percentage2.02%
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