Trade recap for May 11th

In addition to the trade recap I talk about MCGI starting being cleared through the DTC.

Daily profit: ($119.00)

Disclosure: Short 2000 AMEL. No positions in any other stocks 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.

0 thoughts on “Trade recap for May 11th”

  1. My big MCGI loss today is exactly why I’m moving the funds from my TOS account over to Speedtrader. Borrows will be the same so it’s not like I’m losing anything in that department.

    1. The one problem with that is that Speedtrader people don’t wake up early so for hard to borrow stocks the TOS clients will get all the Penson borrows.

  2. VERY interesting bit on the OTC MMs. Wish you could have gone on more…Are there any resources to learn some more of this information? I never had an idea of the discrepancies between these institutions.

    Thanks in advance Reaper,
    M

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