The Shorting of Frauds, Overhyped and Bankrupt Stocks Journal

Discussion in 'Journals' started by Daal, Jun 8, 2012.

  1. Daal

    Daal

    what do you mean by traling orders to open?
     
    #651     Apr 12, 2013
  2. trailing order to short

    so when the bounce ends you kind of get stopped in

    i added 'to open', because most people only use these to get out of a position, maybe that was confusing.
    In option trading most people use the terms 'to open' or 'to close'.
    i remember that i used to have to remember adding when i phoned orders in in the early ninteties, if i forgot i would get an annoyed response by the broker.
     
    #652     Apr 12, 2013
  3. Daal

    Daal

    #654     Apr 12, 2013
  4. buying some gld today,
    with that volume
     
    #655     Apr 15, 2013
  5. Daal

    Daal

    Covered UNXL
    I think I'm done with this stock for life
     
    #656     Apr 16, 2013
  6. Interactive brokers doesn't have anymore unxl to lend me :(
    anyhow daal, you are good at research.
    a certain high profile money manager employs someone just to watch the rates and the short supply of brokers.
    he believes that when the rates are high and supply is low, a short squeeze is coming.
    i talked to an old broker and he said to used to play the following game in the80's, recall all the shares lended and create a pop.
     
    #657     Apr 16, 2013
  7. Daal

    Daal

    I have a rule, never short a stock everybody wants to short unless you have a VERY good reason. I broke the rule and lost money. I deserved that
     
    #658     Apr 16, 2013
  8. Daal

    Daal

    I agree that there are games that are played around high short interest stocks. The HFTs do it daily by widening the spreads (disagreement is so strong between bulls and bears that they just figured it out that they get hit anyway)

    An interesting daytrading strategy is to simply buy a high short interest stock at the open when there is very good news. Figuring out what is very good news is a bit more complicated but it is something that can be learned overtime
     
    #659     Apr 16, 2013
  9. m22au

    m22au

    Daal,

    Here is another Brazil idea:

    OGX Petroleo e Gas Participacoes SA
    http://www.bloomberg.com/quote/OGXP3:BZ
    http://finance.yahoo.com/q?s=OGXP3.SA&ql=1

    The very negative:
    "Batista’s OGX Plunges to Record on Oil Well Shutdowns: Rio Mover"
    April 17 (Bloomberg) -- OGX Petroleo e Gas Participacoes SA stocks and bonds slumped to record lows after Brazilian billionaire Eike Batista’s oil company shut two of the three wells at its only producing field.

    OGX’s 8.5 percent bonds due in 2018 dropped 12.77 cents to 57.19 cents on the dollar at 1:30 p.m. in Sao Paulo, sending yields to a record 23 percent. Shares sank 5.7 percent to 1.32 reais, after falling as much 13 percent to a record 1.22 reais.

    However the risk for shorting it is that:

    http://www.foxbusiness.com/news/201...ptions-shrink-amid-output-financial-troubles/

    n October 2012, Mr. Batista granted OGX the right to demand the subscription of new OGX shares at a price of 6.30 Brazilian reais ($3.15), almost five times the current share price after the latest production figures sent shares sinking to a fresh all-time low of BRL1.22 Wednesday.
     
    #660     Apr 17, 2013