HSX Forum

Playing & Trading Strategy

you are confusing yourself... sorry.

Posted by: Oleg Max (a.k.a Oleg_Max) on Jul 18, 14:10 in response to Zoggie's post So the idea being that whatever sells on the IPO day will...

today, I woke up and saw that price was exactly $4 IPO price.  I had it shorted.  I figured, lets have some fun.  I covered my short, then bought it.  Price moved up to $4.08.  the next trader saw it was up, did the same thing (and keep in mind it was about 20 to 1 ratio of shorts vs longs) creating a short squeeze.  whole bunch of other traders started loosing money, creating even better pop.  now I am not going to tell you how I am holding the stock now, cause it would be call for action, but things like that happen all the time...

keep your eyes open and have some fun.  this is just a game  :)





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