-$2,516 Loss
HPJShort Stock
Entry comments: Another Chinese play that is tanking today, first down day, it held 2.30 all day, but the SSR (short sale restriction) is in effect so my guess is tomorrow when shorts/sellers try to sell they will create a massive wall of sellers and it has a chance of morning panicking down to 2 or even below if some stop losses there can get taken out, goal is to cover at 1.90ish
Exit comments: Cut losses on this one, having internet problems all morning, so annoying but that made my loss much worse than it had to be
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Position Updates
- Oct 16, 13 3:53 PM: Shorted 11593 at 2.31 - Another Chinese play that is tanking today, first down day, it held 2.30 all day, but the SSR (short sale restriction) is in effect so my guess is tomorrow when shorts/sellers try to sell they will create a massive wall of sellers and it has a chance of morning panicking down to 2 or even below if some stop losses there can get taken out, goal is to cover at 1.90ish
- Oct 16, 13 3:57 PM: Added 8407 at 2.32
- Oct 17, 13 9:48 AM: Covered 20000 at 2.44 - Cut losses on this one, having internet problems all morning, so annoying but that made my loss much worse than it had to be
| Date | Price | |
|---|---|---|
| Entry | 10/16/2013 | 2.3142 |
| Exit | 10/17/2013 | 2.44 |
- Total Views1,122
- Position Size20,000
- Percentage-5.44%
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