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Shorting $2 IPOs

Posted by: drakkar on May 24, 06:45 in response to RotoHockey2013Main Port's post <INSIDE>.

I get the logic of shorting $2 IPOs, but I get burned on them so often. Ghost Team (GHSTM) today increased $1.77 to $3.77 despite 20 million shares shorted. Some times there's a slow descent back to sub $2 after that, but that might not be until the movie is near release.

What i don't get is how so many short something and the stock increases. Probably due to people who shorted yesterday covering during reset trading. And the reset traders seem to not mind screwing over the casual traders who don't log in every day.

Please laugh at me. I've been hovering around $20M for a while now. Can't get out of the hole. Couldn't figure out why I kept going down.... MstrChapl May 19, 13:14

well, now you'll never forget them...hehe :D {nm} tealfan May 19, 15:04

<INSIDE>. RotoHockey2013Main Port May 20, 00:42

Wow. Thanks MstrChapl May 20, 09:14

<INSIDE>. RotoHockey2013Main Port May 20, 10:29

Shorting $2 IPOs drakkar May 24, 06:45

I did the same thing at 5million I was stuck there for about a month since I did lots of trade chasing... {nm} Baron_Darcon May 20, 04:02

If you have a small port, you have to look at short term gains to build your port up. If you do regular trading, you might make more money JDolphin May 20, 12:04

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