I bought 25000 shares at 3.60 this morning and just sold my position at 4.20. Wow! What a great stock to day trade. If we get another quick sell-off, I'll do the same once again. $15,000 profit in four hours -- such easy money!
You just don't get it, do you? This stock is seriously oversold, has positive cash flow, has committed to paying its unbelievably high dividend, and is in clear transition with a lack of permanent leadership. Large institutional investors have been selling, while other groups have been buying. When you see a significant sell-off during the day, it's time to buy. And when you get your strike price you sell.
How have I been lucky? Look at the pattern of trades on IAR over the last two months, and you'll see periodic steep daily declines, followed a recovery through the day.
Obviously your computer trading programs aren't as good as mine. Mine are not based on luck! But they have proven to be very profitable -- both for long and short side trades.
IAR is one of many day-traded stocks. If your program tells you when to buy and when to sell, you follow the numbers. I have done that for two years of trading on this weak market, and have made over $3.2 million on day trades. How well are you doing?