PalmerOct 21, 15 4:57 PM
Tim...how was your fill on these entries? Just curious per the low volume...thanks.
$1,340 Profit
KIRIShort Stock
Entry comments: Shorted this pump on its possible first down day, big morning spike and panic, usually the beginning of the end, keep position small due to low volume and its trickery in the past, goal is to make 50-75 cents/share on a short later today or tomorrow
Exit comments: NICE and CLASSIC http://tim.ly/sykestrades pattern at work, might crack more but this stock has taught me in the past to cover into panic and not wait around since its so tricky and illiquid, seems to be using yesterday's low of 5.50ish as a base so possible double bottom, nice gain here
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Position Updates
- Oct 21, 15 3:03 PM: Shorted 1486 at 6.20 - Shorted this pump on its possible first down day, big morning spike and panic, usually the beginning of the end, keep position small due to low volume and its trickery in the past, goal is to make 50-75 cents/share on a short later today or tomorrow
- Oct 21, 15 3:31 PM: Added 1514 at 6.31 - Added to my short since it faded nicely to the 5.80s before 1 guy (likely the promoter) propped this carcass up with a 6k bid, which just got eaten away, resistance at 6.50 protects me, but I think I can profit 50-75 cents/share, maybe even more on the inevitable collapse of this pump likely tomorrow or Friday
- Oct 22, 15 9:47 AM: Covered 3000 at 5.72 - NICE and CLASSIC http://tim.ly/sykestrades pattern at work, might crack more but this stock has taught me in the past to cover into panic and not wait around since its so tricky and illiquid, seems to be using yesterday's low of 5.50ish as a base so possible double bottom, nice gain here
| Date | Price | |
|---|---|---|
| Entry | 10/21/2015 | 6.2555 |
| Exit | 10/22/2015 | 5.72 |
- Total Views1,411
- Position Size3,000
- Percentage8.56%
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timothysykesOct 21, 15 4:59 PM
See my http://tim.ly/sykesmc webinar it was all live
