Thanks for whoever alerted there were shares to short of $SHIP mid-morning. I was looking at a few shipping companies but I couldn't find any shares to short. Then someone alerted $SHIP had shares to short, and lo and behold there were 35,000 shares available. I may have been a bit too aggressive early on because the stock was not in the red yet when I was shorting, but it was very close and the sector as a whole was starting to downtrend so the risk was fairly small. It was halted for a few minutes then the crash happened. Down 25% in a minute or two. I took my 25% and moved on. Anyways thanks to whoever alerted and congrads on whoever decided to short!
I haven't posted the trade yet because it takes a day before you can verify, but I will later tonight.
Nice trade!
Do you mind me asking which broker had shares to short? Thanks! And Good job!
I've never shorted anything because it seems like my broker, TD ameritrade, rarely has shares to short. Or its usually HTB, Hard to Borrow.
Interactive Brokers had shares to short. They actually had shares to short of $SHIP and $TOPS for most of the day.
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