-$5,998 Loss
ISNSShort Stock
timothysykes
timothysykesSep 04, 14 3:50 PM

Entry comments: Got a little bounce to short into, goal is to cover into sheer panic tomorrow, ideally 50-75 cents/share

Exit comments: Wasted these shares by shorting too early and now covering too safely even as this fades, scary to short on Fridays scary when multiple people try to squeeze you, that's the price of full transparency, GREAT video lesson coming on this not so horrible loss but horribly executed, now 6.60s and fading and I have no more buying power to reshort :(

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Position Updates

  • Sep 04, 14 3:50 PM: Shorted 22000 at 6.65 - Got a little bounce to short into, goal is to cover into sheer panic tomorrow, ideally 50-75 cents/share
  • Sep 04, 14 3:57 PM: Added 18000 at 6.87 - Got a nice spike into the market close so I added to my short, still just the 1st down day, panic tomorrow probable
  • Sep 05, 14 9:37 AM: Covered 40000 at 6.86 - Wasted these shares by shorting too early and now covering too safely even as this fades, scary to short on Fridays scary when multiple people try to squeeze you, that's the price of full transparency, GREAT video lesson coming on this not so horrible loss but horribly executed, now 6.60s and fading and I have no more buying power to reshort :(

Related Posts

DatePrice
Entry9/4/20146.749
Exit9/5/20146.86
  • Total Views1,955
  • Position Size40,000
  • Percentage-1.64%
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funfinder
funfinderSep 04, 14 4:09 PM

I watched your video about people missing the boat on these trades. I tried numerous times today to short ISNS at IB and there were never shares available. I was ready and willing today and yesterday, but they never had shares. Congratulations to you and your students who found the shares.

McBain
McBainSep 04, 14 4:11 PM

@funfinder You should've looked at the other sympathy plays.

William
WilliamSep 05, 14 9:09 AM

I use IB as broker, why it has no share to short ISNS? What broker do you use that can short ISNS? Is that related with Level?

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