Posts Tagged "short selling"

This week specific microturd stocks have been getting a lot of exuberant action to the upside. $CBIO (Catalyst Biosciences) stock is our supernova highlight of the day. The stock went up nearly +200% yesterday and today went up another +30% in pre-market trading (a total of around +300% in two days). The news that caused the stock to spike was that one of their hemophilia drugs got the OK to proceed with clinical trials in South...

We shorted this Bioanalytical Systems ($BASI stock) today. This was the 2nd day run up on no news. Stock ended up trading ~3x its float today which signals massive stock manipulation, which doesn't bode too well for it holding its +100% run gain this week. Reasons why we initiated the short position in BASI like all the other microturd pumps are because the company is running on fumes in terms of its cash position as well as the...

When a listed stock has a parabolic rise for any reason, we take note of the much desired price movement and watch for signs of eventual topping out, making it a prime example for a short scalp. This is what happened in KEMET Corporation ($KEM stock) last Thursday and Friday. KEMET announced Thursday that it will acquire NEC TOKIN from NEC. Since NEC TOKIN will be debt-free, Wall Street gave this acquisition a big two thumbs up as the...

The drybulk microcap mania continues today! Almost virtually bankrupt Globus Maritime ($GLBS stock) ascended +129% today on no relevant news today. Before the market opened, $GLBS filed a 6-K regarding a possible shelf offering so a run-up in stock price today was just plain idiotic. We took this opportunity to initiate an extremely cautious tiny short position in the name (as you never know how high these microturds will fly) and...

Retailers have been going berserk since Trump won the election. And with black Friday coming up, investors usually chase retailers up more than they should. Today $CAL (Caleres stock) reported in-line earnings and yearly guidance but the stock was taken up +17% on the day. We thought this was a classic example of black Friday retailers chasing as well as end of the year sheep portfolio managers trying to catch the S&P index...