truepro85Dec 28, 15 11:49 AM
Hey Tim Washington here. Hope you had a great holiday! is there still a good time to get in this position and about shorting? I just started over the weekend.
$561 Profit
EARSShort Stock
Entry comments: 2nd big up day on this junk company, most likely fails tomorrow, but the midday bounce is now failing so I'm starting small position thanks to Etrade having shares to short, goal is to make 30-50 cents/share of downside today or tomorrow
Exit comments: Putting up too much of a fight right at morning lows, annoying stock so I'm out for puny profit, I coulda woulda shoulda just held my REXI over the weekend from my buy at 4.40ish, or dip bought today for 50-70 cent/share profit, good reminder not to underestimate billionaire plays, I'll look to resort EARS when it either spikes a ton or breaks below this 4.50-4.45 choppiness
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Broker:ETrade
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Position Updates
- Dec 28, 15 11:22 AM: Shorted 5000 at 4.59 - 2nd big up day on this junk company, most likely fails tomorrow, but the midday bounce is now failing so I'm starting small position thanks to Etrade having shares to short, goal is to make 30-50 cents/share of downside today or tomorrow
- Dec 28, 15 12:32 PM: Added 2500 at 4.58 - Added to my short on this stock's inability to bounce much, this bounce is lower than the last bounce and it made a new new day low, remember I'm early here, tomorrow is the likely red day, but I'm just positioning for that as there's also a chance it goes red today, more importantly I'm securing shorts from Etrade as shares might be tougher to find tomorrow
- Dec 28, 15 1:03 PM: Covered 7500 at 4.50 - Putting up too much of a fight right at morning lows, annoying stock so I'm out for puny profit, I coulda woulda shoulda just held my REXI over the weekend from my buy at 4.40ish, or dip bought today for 50-70 cent/share profit, good reminder not to underestimate billionaire plays, I'll look to resort EARS when it either spikes a ton or breaks below this 4.50-4.45 choppiness
| Date | Price | |
|---|---|---|
| Entry | 12/28/2015 | 4.5867 |
| Exit | 12/28/2015 | 4.50 |
- Total Views1,199
- Position Size7,500
- Percentage1.89%
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PennyPiratesDec 28, 15 12:34 PM
Great trade and alert Tim, Im short 450 shares @ 4.61 looking forward to the red play tomorrow.
MrODec 28, 15 1:36 PM
I was watching REXI and even though I'm still in the study process and don't have an open portfolio I saw were to dip buy around 4 60 and watched it spike to 4 94... I'm really starting to see these patterns you teach come to life!
URAJackAssDec 28, 15 2:40 PM
Awesome alert. I got in a little late, but still good. In @ 4.49, out at 4.23. Thx.
timothysykesDec 28, 15 2:43 PM
@Abrah56567 nice I LOVE when students do better than me on EARS and $REXI too!
URAJackAssDec 28, 15 4:23 PM
@timothysykes Oh, I got in on REXI when you alerted, and held until today. In @ $4.60 on the 24th, out today at $5.20, with 1,000 shares long.
