Trade recap for August 1st and 2nd

Trades at IB (I also sold my APTD at Speedtrader right after the open on 8/2):
+    SLD    10,000    VHGI    false    Stock    .185    USD    SMART    AUG 2 09:32:03        9.25        null
SLD    5,000    VHGI    false    Stock    0.1799    USD    SMART    AUG 2 09:38:13        4.50        null
SLD    5,000    VHGI    false    Stock    0.1805    USD    SMART    AUG 2 09:59:32        4.51        null
SLD    5,000    VHGI    false    Stock    0.1805    USD    SMART    AUG 2 09:59:59        4.51        null
BOT    5,000    VHGI    false    Stock    0.1701    USD    SMART    AUG 2 10:53:44        4.25        null
SLD    10,000    VHGI    false    Stock    0.1960    USD    SMART    09:30:12        9.80        null
+    SLD    50,000    ADSY    false    Stock    .032    USD    SMART    09:31:48        7.88        null
SLD    300    VRML    false    Stock    12.00    USD    SMART    09:32:22        1.50        null
+    BOT    300    VRML    false    Stock    12.893    USD    SMART    09:34:03        1.50        null
+    BOT    50,000    ADSY    false    Stock    .031    USD    SMART    09:41:49        7.78        null
+    BOT    5,400    VHGI    false    Stock    .171    USD    SMART    10:11:52        4.62        null
BOT    20,000    EFGU    false    Stock    0.0610    USD    SMART    11:14:53        6.10        null
+    BOT    7,000    VHGI    false    Stock    .172    USD    SMART    11:50:07        6.03        null
BOT    7,600    VHGI    false    Stock    0.1723    USD    SMART    13:23:38        6.55        null
+    BOT    1,000    BDR    false    Stock    2.190    USD    ISLAND    13:56:35        5.00        null
SLD    1,000    BDR    false    Stock    2.2200    USD    BATS    13:56:59        5.00        null
+    BOT    5,000    VHGI    false    Stock    .172    USD    SMART    14:29:53        4.31        null
+    BOT    5,000    VHGI    false    Stock    .172    USD    SMART    14:41:34        4.31        null

Profit: ($244.53)

Disclosure: No positions in any 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 August 1st and 2nd”

  1. Do you have any comments on APTD? If there is >$1M of promotions going into this alongside with the announcement of its new platform, the recent volume definitely makes sense. But do you see the volume as primarily the selling of the promoters awarded shares into legitimate retail buying, or is this cross-buying between accounts and the shares haven’t been dumped yet? I have no position… actually I don’t even trade :-)… I’m just interested in how you interpret the past three days in APTD. Thanks!

  2. Aaron – The dumping starts as soon as the pump starts. On Friday morning in the pre-market the pump buyers were bidding very high, even over one cent. A seller on ArcaEdge annihilated all the bids, dropped the offer to .0051, and then slowly upticked to about .0058 by 9:30am. The stock continued to slowly uptick after the market open. That kind of slow move upwards, despite huge buying, can only happen with huge sellers. And not just any sellers, sellers who want the stock to go up a little (so more people will buy). So the sellers were either the pumpers themselves or whomever paid for the pump.

    Whenever the volume is very high, it is almost always retail buyers. Wash-sale trading is usually used to walk a stock up, prior to a pump.

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