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
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.
Disclosure: No positions. I have a disclosure policy.