SCON – 4/21/2009 – Perhaps if I had one of their superconductors I would have gotten a freaking decent fill!!!!
Posted on 21. Apr, 2009 by tim in Trades
Sold Short: $2.67
Bought to Cover: $2.20
Net P/L: +$41.00
Notes:
Cripes they don’t get much easier then this softball!! I put in an order for 10000 shares and somehow got filled on 100, yeah thats ONE HUNDRED… The percentage gain is CRAZY but with a 100 shares whats the point!??! I covered once it seemed to bottom at $2.20 it continues to look like a further drop but with the size of my position its pointless to hold longer. Oh the damage I could have done with 10K, I’m off to spend my measly 40 bucks on some cheap booze and cry myself to sleep.
3 Responses to “SCON – 4/21/2009 – Perhaps if I had one of their superconductors I would have gotten a freaking decent fill!!!!”
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Jeremy
21. Apr, 2009
Make sure you share that Cheap booze with Holton and I!
tim
21. Apr, 2009
Ahh yes the joys of shorting POS illiquid stocks… It closed the day @ $2.11.
Its truly a double edged sword, you are much more likely to get these death drops in the more illiquid stocks but at the same time it can be a major b*tch to get enough shares to borrow.
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