Posts Tagged "shorting"

In 1996, I started my trading career on 110 Wall Street, NYC as a proprietary equity trader. I was exposed to trading investment grade stocks listed on the NYSE or NASDAQ exchanges with prices greater than $5 and having market capitalizations of over $100 million. My mentors at the firm traded only these and thus so did I. For the next 18 years, small and mid cap stocks were my bread and butter. Mega cap stocks like Exxon and IBM were...

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...

Here's another prime example of why nanocap stocks are easy shorts for traders who have balls to step in front of the train. Today HTG Molecular Diagnostics ($HTGM stock) announced a vague development program with some big German companies. No concrete financial terms were mentioned at all in the press release. This for us was a clue to get short on any possible price rips $HTGM may have that day. In addition, if you look at its daily...

The squeeze in oil-related highly leveraged names continued for a 3rd day. We took this opportunity to short a few of these. One of them was $CRC (California Resources stock). It skyrocketed from 28c last week to an intraday high of $1.82 today. This unbelievable move certainly caught some people by surprise and resulted in a nasty short squeeze. When we thought the upwards squeeze was reaching exhaustion, we initiated a short in CRC....