$625 Profit
TGROShort Stock
timothysykes

Entry comments: Shorted some of this pump which I TOTALLY bungled this morning, reserving shares to short all day with my high net worth broker, now 10 cents/share off its lows, I still think it can drop a ton later today or tomorrow, goal is to cover in the low .60s

Exit comments: Nice no risk $700 after fees profits, much easier than CNTO

3
110

DatePrice
Entry1/5/20140.832
Exit1/5/20140.75
  • Total Views1,353
  • Position Size10,000
  • Percentage9.86%
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JVP3122
1
JVP3122Jan 06, 14 2:04 PM

Are you calculating percentages correctly? Should we not be dividing 0.832-0.75 by 0.75 instead of 0.832? If you buy a stock at 0.75 and sold at 0.832 your gain would be the difference divided by the purchase price, or 0.082/0.75=10.93% instead of 9.86%

sanf
sanfJan 06, 14 2:06 PM

@tim ... does this mean you are not going to wait to buy again at low 60s ?

Sharny
SharnyJan 06, 14 4:06 PM

Nice. Super hard time finding shares to short. Need to change broker or something.

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