$925 Profit
CYCCShort Stock
timothysykes

Entry comments: Reshorted this holiday runner that KBIO's CEO called worthless on Sunday night, so much for acquisition rumors, goal is to cover in the .60s or .70s later today, Interactive Brokers had plenty of shares to short here, but my guess is they'll go fast hence why I'm shorting now and risking a bit

Exit comments: Easiest 10% I've ever made, obviously a little risky given what's going on with biotechs now, but given that it was up ALL due to KBIO speculation, when KBIO's CEO squashes that speculation and rips the company apart, it's logical to assume it'll lose ALL of its recent gains...it likely drops more, but I like making nearly $1,000 during a little power nap

120

DatePrice
Entry11/30/20150.815
Exit11/30/20150.745
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  • Position Size14,000
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