Trade recap for 10/28: Banking on AMLM despite messing up

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.

amlm

+    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.

0 thoughts on “Trade recap for 10/28: Banking on AMLM despite messing up”

  1. 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.

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