Posts Tagged "short sale"

OPTT trade for 7/20 – 7/21/2016

Posted By on Jul 22, 2016 | 0 comments

This is the third time we took a short position in $OceanPowerTechnologies ($OPTT stock) since June. Once again clueless long chasers, sheep who cannot read nor understand a financial balance sheet, ripped this stock up to stratospheric levels making it a prime target for a short swing trade. We started shorting OPTT in the $10s and kept adding to the position as high as the $15s. Why add to a losing position most of you will ask?...

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OPTT trade for 6/1 – 6/2/2016

Posted By on Jun 2, 2016 | 0 comments

This is a classic microturd pump job story. Ocean Power ($OPTT stock) announced yesterday the signing of a $975,000 lease for their experimental wave power energy-generating buoys by a large Japanese ship builder. This was OPTT's first step towards product commercialization. However, in March the company already announced that this Japanese ship builder was going to sign a lease for their products. The stock popped a lot already in...

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CRDS trade for 5/3/2016

Posted By on May 3, 2016 | 0 comments

Penny stock pumping by newsletters or chat rooms often provides great shorting opportunities. We don't trade as many penny stocks as we do NYSE/NASDAQ stocks but today Crossroads Systems ($CRDS stock) was pumped for no reason and went up over +100% today with no news out from the company. We saw it as a prime example to short the pop. Penny pumps usually all end the same way = crash and burn right back down. Started shorting at $0.57...

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