Lots of trades, not great results.
Daily profit: ($642.56)
(I’m up over $1100 unrealized on AENY and TEAR.)
Trades at IB:
SLD 2,000 STTN false Stock 0.5900 USD ARCAEDGE 09:01:47 5.90
SLD 2,000 AENY false Stock 3.4000 USD ARCAEDGE 09:09:48 10.00
SLD 1,000 AENY false Stock 3.4200 USD ARCAEDGE 09:27:15 5.00
BOT 1,000 ZANE false Stock 3.1000 USD SMART 09:30:15 5.00
+ SLD 1,000 ZANE false Stock 2.960 USD SMART 09:30:42 5.00
BOT 1,000 ZANE false Stock 3.0500 USD ISLAND 09:32:21 5.00
SLD 1,000 ZANE false Stock 3.2000 USD SMART 09:33:55 5.00
SLD 2,934 CLNH false Stock 0.2500 USD ARCAEDGE 09:34:17 5.87
SLD 5,000 CLNH false Stock 0.2500 USD ARCAEDGE 09:34:25 10.00
+ BOT 1,000 TEAR false Stock 3.500 USD SMART 09:35:36 5.00
+ SLD 1,000 TEAR false Stock 3.217 USD ARCA 09:36:49 5.00
SLD 1,000 CSGJ false Stock 0.9300 USD ARCAEDGE 09:38:36 4.65
+ SLD 2,500 STTN false Stock .563 USD SMART 09:39:46 7.04
SLD 1,000 CSGJ false Stock 0.9200 USD ARCAEDGE 09:39:57 4.60
SLD 2,500 STTN false Stock 0.5550 USD ARCAEDGE 09:40:42 6.94
Disclosure: Short 3,000 AENY and 900 TEAR. No positions in any other stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
Are you using Sogo-elite to find shorts like ZANE ?
I always thought IB was the best out there for borrows. Seems like not anymore.
Dare I put words in the Reapers mouth, but I’m pretty sure Sogo was the only place to get ZANE.
I havent given up on IB, but all the recent plays have NOT been available there. I think their list is as big as ever, just they have had none of the hot plays lately. Or if they did, no big quantities.
Yeah, i still love IB and won’t be quitting on it soon, but I was really surprized to see nothing on IB for ZANE, even though 10m shares were traded today…
Btw is it Sogo-elite or regular Sogo account that had shares. Sorry for the dumb question, but I don’t recollect which one has OTC borrows ?
SogoTrade – Sogotrade’s parent company is Genesis Securities. You can see their short list at this url: http://www.gndt.com/support/shortlist.htm. Use your browser’s search function (Ctrl+F on many browsers) to search the list for a particular stock. This list does not update during the day so it is possible a stock on the list will not be shortable later in the day. Shorting OTC BB stocks is allowed (Pink Sheet stocks cannot be traded long or short) but SogoTrade rarely has borrows on OTC BB stocks. Stocks that open the day under $3 cannot be shorted using Sogotrade but can be shorted at SogoElite. It is possible to borrow and short stocks not on the short list by calling the SogoTrade trade desk.
http://www.reapertrades.com/2009/09/how-to-borrow-shares-to-short/