Posts Tagged "shorting stocks"

Thinly traded low-float stocks usually have exacerbated moves to the upside or downside when material news hits the stock. Genco Shipping & Trading ($GNK stock) went up around +75% today at its intraday peak on news that it sold $125 million worth of preferred stock to investors. This deal may have alleviated some of Genco's liquidity issues for the short-term however it didn't solve any of the company's money losing operations or...

Lannett ($LCI stock) was a long swing favorite of ours around $20 earlier this year when anything biotech-related got smoked. In just a few months time it has risen almost 100% since our position trade in the chatroom. $LCI reported great earnings and raised guidance for the year yesterday after the close. We felt this was going to be an opportune time to take profits in the name by big fund holders who bought on the dip back then so...

Oil driller Resolute Energy ($REN stock) has been on a tear the past 2 months ripping from $3 to $20. We have been watching the price action on this stock like a hawk the past week. Patience is key in shorting small cap runners. After the past 7 trading days, we felt it was time to initiate our short position in $REN. There was excessive bearishness from almost every stock trader on Twitter saying they are going to short it (or was...

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?...

This pump and dump is hilarious. $LEDS (Semileds stock) announced last Thursday that some no name Chinese investor (Dr. Peter Chiou) was willing to purchase around 20% of the outstanding stock in LEDS at $5, when the stock was only trading at $3.30 the previous day of the announcement. Sounds fishy? Heck yes! Who is Mr. Chiou? Our google search found no one reputable in the LED business. So then we checked his home residence address...