SRPT had a massive shakeout, being down over 10% at one point so I covered all my IRWD short at 17.20 and added more SRPT on the cheap. I made some decent coin but nothing I'd say is worth bragging about. I lost $12k trying to short this initially in the 16s but made about $30k from shorting in the 18s.
My only wishes now is that this remains above 17, preferably 17.50, before April 23rd earning are announced. I want to start exiting TTNP and SRPT by then and will be eagerly looking to short IRWD again leading up to earnings. Keep this sucker high for me boys! I'll be back in a couple weeks hopefully.
P.S. I'm sure you know but fidelity dropped another 158k shares bringing their total of having sold almost 400k shares at above 18.50. Not bad for those boys over there. A few analyst upgrades on some non-sense data and there you have have it.
What a day today was! I picked a good day to cover yesterday. I was itching to short more at 17.80. Problem was I would have had to close other positions to meet the margin requirement. Nonetheless I fully believe this will see 18 again prior to earnings. I'm gonna slowly free up some cash to get short again when that happens.