Trade recap for June 23

Root canal today, moving tomorrow … I’ll recap HELI over the weekend with some video. I am short HELI with an average of $0.13713.

HELI was an easy short call right at the open:

[Jun 23, 2010 9:29:31 AM EDT]

Reaper

fyi, I’ll be hitting HELI short hard out of gate … not a play unless u have a huge account though

I don’t often make predictions about price action, but my call on HELI was spot on (HELI was at .127 when I wrote this):

[Jun 23, 2010 12:57:42 PM EDT]

Reaper

HELI still boring sideways action … imo it does nothing until late day and then a tank to nlods, probably closing around .1183

Everything below .11 on HELI was just one huge block trade, trade-through. The bid was never lower than $0.11.

+    SLD    30,000    HELI    false    Stock    .140    USD    ARCAEDGE    09:32:28        21.01        null
+    SLD    20,000    HELI    false    Stock    .139    USD    SMART    09:32:34        13.90        null
SLD    20,000    HELI    false    Stock    0.1399    USD    SMART    09:32:42        13.99        null
+    SLD    20,000    HELI    false    Stock    .136    USD    ARCAEDGE    09:33:14        13.56        null
SLD    6,000    HELI    false    Stock    0.1355    USD    ARCAEDGE    09:33:40        4.06        null
SLD    20,000    HELI    false    Stock    0.1341    USD    SMART    09:36:30        13.41        null
+    SLD    1,500    AMEL    false    Stock    .970    USD    SMART    09:53:57        7.28        null
SLD    2,500    AMEL    false    Stock    0.9699    USD    SMART    09:58:08        12.12        null

Daily profit: $0

Disclosure: Short 10,000 shares of AMEL and 116,000 shares of HELI. 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.