$30 Profit
MDRLong Stock
ArthurDLH

Entry comments: Short Squeeze. Last week I tried to play MDR after breaking $1 on good news, and I took a loss. But today, near market close, it broke to nhod on added positive project news. Short sellers are in @ $1.15, with 58% short float. MDR @ market close went red to green and broke to $1.17. Red to green + 58% short float + positive news + testing previous high = potential short squeeze @ market open tomorrow. If not, morning panic & I cut my losses.

Exit comments: Can't remember how much I got out for, but it was the right choice as the stock pummeled after news of bankruptcy.

000

DatePrice
Entry12/22/20191.098
Exit1/5/20201.30
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  • Position Size150
  • Percentage18.4%

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