This could be a great daytrading stock in the days ahead... it wasn't on my watchlist until this morning, but it's on there now for a while.
I lost 10 points on 200 shares. Long 200 43.12 I exited at 32.90. I've never seen anything like that happen. Congrats to those who traded it properly.
It could also get halted any time, and fall 100%, or double on a takeover. Anyone daytrading this should be prepared for their position to go 100% or more against them without warning, with no way to get out. I.e. don't trade more than a modest portion of your capital in this stock.
Okay, I played BSC 2 round trip trades today. Here is how I was an asshole today: I have it on my ticker PM. I see the BS spike on the CPI this morning. We are all calling Bullshit. We see BSC announce the news and spike to $65. I can't get my trade ticket up fast enough to short the spike. I DON't get the order IN. I'm pissed... So we all watch the Fall to $26....So its stabalizing in 30's and just want to scalp some upside. I buy a block or 1000 shares. I DON"T get my limit order filled at $32 and change. I do a market order and chase the POS at $35. Oh shit, what I have I done, it's down to $34 in 2 minutes. Oh fuck I say, what an idiot I am. I want out. Now I'm thinking halt or something. It's coming back to my buy price and I do the market order sell I THINK over $35. What happens, the trade goes out at 33.75. Just lost 2k. But the short on WM at $12.14 is doing well. Downgrades by Moody's just hit the wire. It's down 10% and I'm up 3k. I want to beat the shit out of it but I cover and lock it in at 11.01. So I'm up a few hundred on the day cancelling out the BSC trade. I need a break. I take a walk kicking myself on BSC. I come back and see at $31. What does dumb ass do...REVENGE trade! So I'm in at $31 and change. It's back to $35. Oh shit reversal, I sell and get the hell out at $34 1/4. I felt like a degenerate fool today but I made money. I watch the last hour and feel good with BSC at $30. I want nothing to do with it. Anything can happen over the weekend. Why sweat bullets like an ABK situation. Gut says it opens at $40 but who knows, it can be $20. I don't need the ulcer. I'm sure people took six figure bad beats on this ticker today and others made six figures. Just looking for scraps. I even made a trade at $62 this week on it and out at $63. Some asshole told me to hold it. Buying and holding usually fucks me good. No need for me EVER to get married to stocks.
I had it short at 54 and change yesterday, but got stopped out. Boy am i pissed...lol all in a day's "work" pump...