This is so sick, looking at the chart I can see that there was plenty of time to get in OSG before it reached my target of $0.6. I had the discipline to set my orders everyday for weeks, I miss one pre-market and they file. This is BS. One day I will nail a BK daytrade in size and I will make thousands cuz this makes me sick
OSG was halted at 08:00:27 The official PR is timestamped 8.16am, although there was a Reuters story at 7.54am. So you only had a handful of minutes to short the stock before the halt - if you had been away from your desk for whatever reason then you could have missed it easily.
I was referring to Daal's idea of a "BK daytrade in size". I agree that there is no need to wait for a bankruptcy filing to short OSG (or similar stocks) if using a smaller position. I am short OSG calls.
I like doing both, when the reliable rumor comes out my confidence can go from 60-90% chance of bk to 99% and this warrants a larger bet
http://glaucusresearch.com/wp-conte...-Teavana-TEA-Strong_Sell_November_20_2012.pdf Shorted TEA at $15 or so. Risk is 50 cents(SBUX takeout price), reward is more than $5 if deal falls apart. 10-1 odds SBUX likely can invoke a MAC as a result of these disclosures
Daal: Any local insight on Electrobras? http://www.elitetrader.com/vb/showthread.php?s=&postid=3684874#post3684874