The pumped stock AMLM decided today would be a good day to die. Luckily IB had 30,000 shares to short this morning so I hopped on board that train right after the market opened. It was a no-brainer to short as it had broken support yesterday and it was gapping down today. By the way, COMV short on red was a great call from my watchlist although I was distracted by AMLM and did not play it.
+ SLD 2,000 AMLM false Stock (OTCBB) 2.000 USD SMART 09:30:13 10.00
+ SLD 2,000 AMLM false Stock (OTCBB) 1.990 USD SMART 09:30:34 10.00
+ SLD 1,385 AMLM false Stock (OTCBB) 1.990 USD SMART 09:30:39 6.92
+ SLD 2,500 AMLM false Stock (OTCBB) 1.990 USD ARCAEDGE 09:30:51 12.50
+ BOT 885 AMLM false Stock (OTCBB) 1.910 USD ARCAEDGE 09:33:51 4.42
+ BOT 3,000 AMLM false Stock (OTCBB) 1.920 USD ARCAEDGE 09:34:43 15.00
+ BOT 1,500 AMLM false Stock (OTCBB) 1.920 USD ARCAEDGE 09:35:01 7.50
BOT 500 AMLM false Stock (OTCBB) 1.5700 USD ARCAEDGE 10:02:25 2.50
BOT 1,000 AMLM false Stock (OTCBB) 1.5200 USD ARCAEDGE 10:07:47 5.00
BOT 500 AMLM false Stock (OTCBB) 1.5400 USD ARCAEDGE 10:13:54 2.50
BOT 500 AMLM false Stock (OTCBB) 1.5600 USD ARCAEDGE 10:14:22 2.50
SLD 1,000 CTDC false Stock (SCM) 4.28 USD SMART 12:16:15 5.00
+ BOT 1,000 CTDC false Stock (SCM) 4.320 USD SMART 12:17:32 5.00
BOT 300 NPBC false Stock (NMS) 6.39 USD ISLAND 13:59:04 1.50
+ SLD 300 NPBC false Stock (NMS) 6.360 USD SMART 13:59:41 1.50
BOT 1,000 AMLM false Stock (OTCBB) 1.4300 USD ARCAEDGE 15:26:53 5.00
+ SLD 1,000 AMLM false Stock (OTCBB) 1.420 USD ARCAEDGE 15:53:30 5.00
Daily profit: $1364.95
Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.
great short dude
Hey Reaper..where is that 10% discount link for Investor Underground?
http://www.investorsunderground.com/sign-up/?source=reaper
Referred by Michael Goode? Receive 10% savings by entering promo code “reaper” off the monthly subscription. Really want to save? Use the same discount to receive 15% off quarterly!
I tried to short 500 shares of AMLM in the pre-market morning. I met the bid at 2.10 and about 3-4 minutes later, there were 400 shares traded at 2.00 and the bid/ask moved to 1.95/1.99. I have no idea how to explain that.
It annoyed me and I did not want to get back in. Next trade I guess.