I think my post was misunderstood. I didn't buy any CRIS. I got an execution on ATRS on a fill of one share. And was making light of that post. May buy CRIS now as well.
I know a few really good behavioral therapists. Swing by the office and I will share their info, because clearly you have issues.
Good buying opp there now, too. Picked up a good chunk at 3.65. Absurd PPS.
You gotta get out of that cold weather in Chicago and come to DFW. I had to post that because she is only 10 but has been trading with me since she was 4. Told me I could put some more in her trust account if I wanted.....LOLOLOLOL
I had 250K shares left over from July a 1.5 years ago. Then I BOT 450K earlier this year at 3.26-3.30 which trailed out a few weeks ago at 5.00 +, Leaving me with the 250K position that my cost basis is now Negative. Yes Negative. Everything now is new minus the 250K shares, and I began buying back in at 4.12.
I have to admit, that was funny. Is that really all the pre-market activity we are going to get? Sometimes I wonder about Out of sequence trades that report at the bell, because I BOT 4400 shares so far in PM this morning.
Last time I saw this was JAKKS Pacific (JAKK) a few years ago, and the stock rallied from around $6.00 to over $20.00. This doesn't account for insiders or retail. Not sure I would be selling or going short, regardless of earnings.
There are monetary fines but I don't think one has ever been handed out by the SEC. The big reason is there is some small print that states if a B/D is in regSHO due to market making activities, then they can file an exemption.
So, basically the SEC put a rule in place and then gave Broker/Dealers a way out. The only thing it really does is require that hypothecation be verified before a short sale can occur and that sale can't exceed 10,000 shares. ( HFT however they can sell short 100K shares in 100 share lots just as long as a block trade of 10K doesn't occur.)
In AKS case it is a little more critical given the size of the short position, Float is drying up, so we will see more HFT and Phantom trading as it moves higher, and Margin Desks start to re-calculate the margin requirements and interest payments for staying short the equity. If that changes dramatically we should see a rush to cover by some smaller players that may force the squeeze by bigger fish.
Hope that helps.
You don't realize how right you are. Very difficult to get a good position in undervalued equities now.
I also forgot about the ODP trade that was last summer. Wasn't a huge position but dang if the market didn't come buy me up at 1.65 on my limit buy orders and trail stop me out at 3.55 in a couple of weeks. I also was using an outside broker for the ODP trade and she had instructions to buy me up to a million in the convertible debt if my 1.65 buy got executed. So, I got the stock, and got to convert the bonds. That was just a #$%$ trade and I still giggle about that one on my morning runs.
That one was really amusing because I was in the middle of moving to DFW from RDU and the trade occurred and I didn't even know. About a month had gone by and I logged on to get back in the saddle and there was the buy and sell execution. That is also how I ended back in OWW. After selling at 8 the first time, I had set a limit buy order back at 2.50 never thinking it would get hit, but holy #$%$, market took it all the way back down. Anyway, I have about another 4 hours of research as I am looking for some fresh trading ideas. Happy Trading All.