$511 Profit
MGTShort Stock
timothysykes

Entry comments: Shorted some at Etrade on the $1/share bounce off its lows, I expect it to return to the $2s today or tomorrow, as this Supernova goes bust EXACTLY like http://tim.ly/sykestrade pattern, this is just the probable first down day, but keep positions small since this stock is scaryyyyyy even if it is a paid pump too

Exit comments: I took nice safe profits, I wanted to cover in the 2s, but this stock is tricky and this is a solid profit on a small position so I'll take it just to show you that 1. Etrade does have shares to short (ignore liars who say there are none) and 2. Shorting the bounce after a big crack is a classic #6 pattern from my http://tim.ly/sykesframework guide, it still works well

4
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DatePrice
Entry5/18/20163.72
Exit5/18/20163.19
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comeaux
comeauxMay 18, 16 12:40 PM

Great learning week here

comeaux
comeauxMay 18, 16 12:58 PM

It's all about hitting singles

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