So I used on-line help and was told to restart my trading software but I had already done that without any change so the help desk said to call technical support and that guy said he would call another department so my guess is that someone borrowed some of my shares to Short, and that if I understood that I could have likely pushed harder to sell by clicking some odd answer in the pop-up warning that made it look like I didn’t have all those shares. I lost half-an-hour when prices in the AM jumped up so when prices were falling I started selling about 5,000 shares at a time.

Then prices started going up again, into a double top that later transition to look like the beginning of a supernova. It took me most of the day to unload 69,000 shares at profitable prices but in the end, I had to leave to my trading station/computer to pick-up a relative from work so I chose to sell my last 10,000 shares at 53 cents per share guessing prices would rise high enough for those to sell but when I got back and looked at after hour trading I realized that prices hit 64 cents for day close and 70 cents for after hours, so I missed out on winning an extra $13,000.

I suspected this could happen since volume from 8AM to 3:30 PM was only 2/3 of average volume (6 million/day), and in the last half-hour from 3:30 to 4PM plus an additional 4 million shares traded. Maybe I should have held until the end of the day or even next week when GGP’s bonds come due that they can’t pay! Oh well, I couldn’t predict the future and since GGP is distressed, I didn’t want to risk my capital since I need it! I’ll go back and watch the PennyStocking DVDs again, and re-read whatever I high-lighted in An American Hedge Fund! However, I did close my positions to capture profits (not losses), so I’m learning even though I’m new Timothy’s style of trading!