$30 Profit
MDRLong Stock

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.
Broker:Interactive Brokers
| Date | Price | |
|---|---|---|
| Entry | 12/22/2019 | 1.098 |
| Exit | 1/5/2020 | 1.30 |
- Total Views121
- Position Size150
- Percentage18.4%
Copy and paste the following into your page or blog. If using WordPress, you must paste this in the HTML tab only: