johnpaulca
12,036 posts
msg #130129
- Ignore johnpaulca |
7/28/2016 11:43:05 AM
EXAS....could run above $18($18.26ish)
|
Kevin_in_GA
4,599 posts
msg #130146
- Ignore Kevin_in_GA |
7/28/2016 4:04:33 PM
PEN - short 300 shares at $68.543.
I will hold EXAS until tomorrow but no longer. I failed to take the early morning profit offered, and am kicking myself for it but that's part of the game.
|
StefanM
25 posts
msg #130150
- Ignore StefanM |
7/29/2016 8:47:28 AM
Guys,
just a quick question as you are shorting stocks all day long: what are the risks of shorting stocks and holding them only intraday?
I suppose that takeover anouncements or other circumstances that may cause a short squeeze will be reported pre or after market, as well as regulatory changes. Or am I wrong?
Of course I already shorted stocks without thinking about that too much, but in case that I would open 2 or 3 short positions per day at the same time I maybe should think about it in a little more detail.
And about the uptick rule, as I understand I can buy stocks that I shorted before but at a higher than the last tick after a 10% drawdown. If I may be right with this?
I am ready to take a moderate risk, but I would not like to see a 20% spike up or something like this in one minute under the day while I am short, that is why I ask for it.
Is anyone in the mood to give me a hint on that?
Already now, thank you!
|
StefanM
25 posts
msg #130154
- Ignore StefanM |
7/29/2016 10:21:38 AM
Sorry guys, I did not want to interrupt your conversation ... hopefully you do not start a new thread now anywhere else ..... :-))
|
Kevin_in_GA
4,599 posts
msg #130155
- Ignore Kevin_in_GA |
7/29/2016 10:29:32 AM
PEN - short 300 shares at $68.543.
I will hold EXAS until tomorrow but no longer. I failed to take the early morning profit offered, and am kicking myself for it but that's part of the game.
++++++++++++
I actually doubled down on EXAS right near the close yesterday - short 2400 shares at an average price of $17.111.
Just closed out this one out this morning at $16.92 (net $450). Not the way I wanted or should have played it, but it worked.
my trade in PEN is up a few bucks. I set a limit order to close it out at $68.30 which should net me about $70 bucks. Very few shares trading on this one this morning.
|
Kevin_in_GA
4,599 posts
msg #130156
- Ignore Kevin_in_GA |
7/29/2016 10:33:30 AM
PEN trade closed for net $72.
|
ThaGekko
139 posts
msg #130157
- Ignore ThaGekko |
7/29/2016 10:39:45 AM
Kevin - any special selection criteria for this one? I see you didn't short CRYO, which was on the list
|
Kevin_in_GA
4,599 posts
msg #130158
- Ignore Kevin_in_GA |
7/29/2016 10:53:45 AM
CRY popped onto the list late so I had already mapped out my trades. No specific selection other than avoiding stocks that hit the list based on a merger/buyout.
Still testing this one out, to be completely honest. I like the basis for the trade (closing 2 days in a row above the upper BB(20,3)) as there is a statistical underpinning for a mean-reversion. Couple that with the typical emotional desire to take a profit on the part of investors (and algos) and it is a little safer in my opinion than trying to go long by reversing the code.
|
ThaGekko
139 posts
msg #130160
- Ignore ThaGekko
modified |
7/29/2016 11:16:54 AM
makes sense. by reversing the Muddy filter comes to mind
Also, are you purchasing stock or buying puts?
|
Kevin_in_GA
4,599 posts
msg #130161
- Ignore Kevin_in_GA
modified |
7/29/2016 11:21:28 AM
GTLS and OSK have popped up so far today from this filter. FYI.
@gecko - you can see from what I am reporting that I am shorting the stock rather than using options. Just personal choice - options can work well but I am more comfortable with trading stocks rather than dealing with things like the Greeks, time decay, etc.
|