Better day today.
Trades at IB:
+ BOT 2,814 IFLG false Stock 6.398 USD ARCA 09:34:46 14.07
BOT 400 IFLG false Stock 6.4500 USD DRCTEDGE 09:35:15 2.00
SLD 400 IFLG false Stock 6.4700 USD ISLAND 09:38:45 2.00
+ BOT 500 IFLG false Stock 6.780 USD SMART 09:56:47 2.50
+ SLD 500 IFLG false Stock 6.928 USD ISLAND 09:59:26 2.50
+ BOT 1,000 BELM false Stock 5.000 USD SMART 12:12:48 5.00
SLD 500 BELM false Stock 5.10 USD ISLAND 13:33:02 2.50
BOT 100 VRML false Stock 32.30 USD SMART 15:35:59 1.00
SLD 100 VRML false Stock 32.80 USD SMART 15:39:52 1.00
+ SLD 500 BELM false Stock 5.150 USD ISLAND 15:51:42 2.50
+ BOT 5,000 VSTNQ false Stock .971 USD SMART 15:59:29 24.28
Daily profit: $564.14
0 thoughts on “Trade recap for March 4th”
Regarding VSTNQ, can these pop out of bankruptcy at any time? Or is there a particular go/no-go date?
Definitely not a good idea to hold this stock as a bag, but should I be worried that one day I will wake up and loose all the stock I had running o/n?
(BTW, I keep reading March 16th is the go/no-go decision for this stock coming out of bankruptcy.)
They can theoretically pop out of bankruptcy in a good way at any time, but generally speaking the shares will not be cancelled (become worthless) except according to schedule. Stocks can remain in bankruptcy for a long time (for example, LEHMQ has been there almost a year and a half). In the meantime, they make for interesting trading due to short squeezes and momentum traders.
Makes sense, thank you!
Awesome calls in chat today, Reaper. I profited on BELM (500 sh from 4.99 to 5.15) and picked up some MCGI at 2.07 for overnight. Just got the email from BestDamnPennyStocks, and MCGI is their pick. Should open nicely tomorrow.