MALL—options expiration-related surge in the last fifteen minutes before the market close on Friday, coulda woulda shoulda shorted into that madness, but no telling where it’d stop, already down $2+ in after-hours, should be a nice short this week, back down to the $10-11 range, might be tough to borrow shares though
VVTV—same options expiration-type move, already retraced half its gain in after-hours on Friday, we’ll see if it returns right back to $5 within the next few days
NRGN—nice bottoming-type spike, related to solid earnings report…too bad they had to issue a Saturday night PR saying their auditor issued a “going concern letter”, meaning they believe the company might have trouble continuing as a going concern, aka possible bankruptcy (weekend PRs are issued when companies are embarrassed of the contents)…means Monday will be ugly
HALO—another failing biotech that’s getting ready to be shorted…nice Friday afternoon short squeeze, thought about shorting into it at $6.50, but lots of other short sellers did so there’s the potential for a Monday morning spike (hopefully)…stock isn’t even hard to borrow at Thinkorswim, most likely stock I’ll short on Monday, aiming for 50 cents/share
CCOW—potentially failing bank with all sorts of loan / mortgage issues…not my kind of play, too fundamentally news related, big players with much better info than me, no way for me to have any edge, avoid
ABH—same thing with credit / default worries, not very difficult to ignore it, just gotta tune it out, classic random Wall Street guessing game noise, no thank you, I’ll pass
Posted in Hot Stocks, Patience, Patterns To Short, Short Selling