When the Reaper says “I’m going to destroy this stock,” you might want to watch out. I posted that in the TimAlerts members-only chatroom (sign up here for Timalerts) as I advised anyone long AEXP to sell before I started selling short. AEXP was a Stockpreacher / Beacon Equity pump from $1 and I started shorting at $1.90. I averaged my position up to 6500 shares at $2.12 as it hit a high of $2.55. I later covered at an average of about $1.58 for a cool 25% profit margin. At the time I had finished covering my position my trading represented over 3% of the volume in AEXP today.
I also went long 20,000 shares of GVBP at $0.26 this morning in pre-market trading but that trade was busted as a trade-through. It was still a nice risk/reward: my risk was the $26 in commissions I paid and my potential reward was over $5,000. So even with a 99% chance of the trade being busted I thought it worth a shot.
I am happy with my trading today and am glad to be in the green for the week.
Today’s profit: $4,622.95
My trades today at IB:
BOT 0 GVBP false Stock (OTCBB) 0.0000 USD ARCAEDGE 08:55:45 13.50
BOT 0 GVBP false Stock (OTCBB) 0.0000 USD ARCAEDGE 08:55:48 12.50
BOT 10,000 AVVH false Stock 0.0100 USD SMART 13:01:07 1.00
BOT 20,000 AVVH false Stock 0.0100 USD SMART 13:01:30 1.00
BOT 200 ZOOM false Stock (SCM) 9.65 USD SMART 13:23:14 1.00
SLD 30,000 AVVH false Stock 0.0090 USD SMART 13:23:24 1.35
SLD 200 ZOOM false Stock (SCM) 10.29 USD SMART 13:30:16 1.00
Beacon Equity disclaimer on AEXP:
Note: After I recorded the video and made this post I made the following trades:
+ BOT 10,000 SPDE false Stock (SCM) 7.497 USD ISLAND 15:18:30 50.00
+ SLD 8,000 SPDE false Stock (SCM) 7.600 USD SMART 15:19:06 40.00
+ SLD 2,000 SPDE false Stock (SCM) 7.670 USD ISLAND 15:20:59 10.00
+$1072.30. My daily profit has been updated to reflect this.
(click image for full-size screenshot of my SPDE profit)
Disclosure: No positions. I have a disclosure policy.
0 thoughts on “Trade recap for September 17th: "I'm going to destroy this stock"”
where did u find shares ? I couldnt find any at IB ?
Dude — I said in the video. My special broker had shares of this; I don’t know where they got them.
sorry wrote the comment before viewing the video 🙂
great trade anyway…covered your GVBP loss earlier this week !!!
Does your broker wear a helmet?
wow … not the comment I’d expect from a minister 😉
Some days I think he should.
Ministers are the ones you have to watch out for. 🙂
When did “the Reaper” start talking in the third person?
Heh is the accolades gettin to you big guy? 🙂
since before time.
🙂 Yeah, I may be a Christian, but that doesn’t mean my head isn’t full of the same Adam Sandler films as the next guy’s! I’ll be pullin’ for your SPDE play tomorrow! Let’s hope it super spikes to 10 in the am and puts a good bit of coin in your bucket!
COnsidering I have a few shares of that I would appreciate a prayer, if you have time. 🙂