Entry comments: 200@0.6676 , 100@0.5943 , avg is 0.6431
Exit comments: MDR - McDermont ultimately filed for bankruptcy. Had some many chances to take profit, but try to even out P/L. Holding winners to even the losers, causing ultimate demise.
Stocking running on massive vol on a FGD making new highs late day & looked for a late day push. Small push, but nothing huge. Small gain.
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.
small profit on pattern trade, dropped and got scared out
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
