Trade recap for September 17th: "I'm going to destroy this stock"

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:
aexpdisclaimer

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.

SPDE_profit
(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"”

  1. 🙂 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!

Leave a Reply

Your email address will not be published.

Please complete the formula below to prove that you are human * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.