You too, John B. - Hey by the way, did you see I now publish my documented returns on my Linkedin profile. When are you coming down from Chicago for the weekend? Bring your daughter and she can camp out with mine. Good Health!
So, with all of that said, and the small cheering section that is looking for me to bust the short. At least let me rebuild a position first.....then we will see what the A/D looks like. I also need to unwind trades in Pinnacle Casino, PKD, ZNGA and GLUU and cover my short on CWTR. Yes the short may surprise you as that is the only short position I have ever taken and I know I said previously I would never short, but CWTR was just way to obvious. There was nothing about that company that said, buy my stock. Short that POS at 4.99. hehe!
Since then I have taken profits on OWW a couple of times, Big trade into FOE at 2.85 last year that is now at 12+. Traded VLO a few times. But no real big succession trades since. BOT KERX on someones recommend from this board around 3 and sold at 8, but only a few hundred thousand shares. Another big move trade was MU that I traded a few times then held till 9 or so.
Lost my total investment on Radiant Pharma, about 900K. Also, did really poorly on E*trade. BOT it around 4 and then it dropped to around 2 and did a reverse SP. That one sucked up about 1.3M. Also lost a total investment on a bank stock in Michigan. Can't remember the name but I BOT 1M shares at 70-75 cents it popped to $1.50 and then FDIC took it over. Picked up about a just under 2M shares of ONTY above 2.50 that I have been bag holding for about 8 months now. Did very bad on ZZ, BOT at 3.59 and it got acquired at 2.25.
BOT a bunch of FB at 20 bucks, also GRPN between 4 - 5, and played APPL and Linkedin a few times. I had a lot of fun on the HLF trade when Ackman got into the short against Soros and made a good chunk that added another zero to the net worth.
Played QTM a few times and am still way under on DRYS. That's really all I can pull from memory at the moment, but as you can see I lost some good amounts of capital as well. My most recent big position was a 5M share purchase of AKS mostly below 3.00. Also, I continue to pack away shares of QTM at these levels.
Picked 500K shares total now of GTXi that I am losing on paper, and AIS again, starting to take a position.
I would also point out that two people I met on this YMB have now become really good friends and have been to my house a couple of times. One I just catch when he flies through DFW and has a layover, but he is great to drink with!
Look guys/gals, just have fun, most of us have been on AIS bandwagon a long time, and can really do without the snide comments and name calling. And Happy Trading! Just dumb luck!
So, someone else has now found me on Linked in and has asked me to give them the sequence of events on the trading. I will do a real quick from memory and this won't be exact but it will be close.
The very first trade was a grab your balls and pray trade. I put everything we had into VG at .46 cents. and the roll started from there. Keep in mind I am an ex-industry professional and looked for nothing other than huge short positions in or close to regSHO. The VG trade was well studied but dumb luck on timing. I will try to also remember most of the losses I took as well. I am not sure on the exact order but you will get the successions. I do remember the first few in order though.
VG BOT at .46 cents 625,000 shares. The dumb luck part was I sold it 9 days later at 3.10. and that is the start. Less than 300K I started with in 2008 and the first trade netted almost 2MM.
BAC was next around 3.80 and I rolled the entire amount for 500K shares. I sold it a couple of months later around 14. I also BOT VLO at around 16 at the same time 100K Shares. (On Margin.) and I believe the net on BAC was around 6.5M
I split that up between a few stocks. OWW purchased around 2.00 on 1M shares, CRIS was 750K shares between 1.35-1.65. MGI at around 1.35 for 500K shares and one of my biggest movers was VCI which was another 1 M share buy at 1.50 - 1.75.
That's when stuff got a little nutty, because I cashed out OWW at 8.00, CRIS sold at 4.00 and VCI sold at 7.00.
In less than a year and a half I was banging on 30MM, so we then started pulling out cash in reserves for taxes.
There were some smaller trades as I on Rite Aid (RAD) Yellow Road Way, but just 20k-50k here and there.
Then two more trades AIS and SWHC, worked in 1.5 M shares on SWHC between 2-2.50 and started working AIS around .90 to 2.00 on 2 M shares. AIS sold automatically while I was on Vacation at 5.-5.50 and so did SWHC at 9.00. And that is how it started. Like I said, first trade was dumb luck....
Randy, good to read you again. Yeah, it was kinda strange staying off the boards for about a year. I only have about 350K shares since I began buying back in this week.
Do you have a reading comprehension challenge? I never said, "nasty manipulators in Canada." Read the post again, and frankly I am one of the few that is not hiding behind some alias, most everyone knows who I really am as I disclosed years ago! And secondly, everyone that has been here awhile is well aware I profited nearly 7 million on the 2 million + shares I once owned below 2.00 and sold on limit trail orders above 5 a year and a half ago. No excuses am I making, simply stated why I am moving a position back into the stock. I am sure if you scroll way back my trade blotter that I posted is still on the board. So, when you have real balls, shoot me an email, heck there are quite a few people here that even have my phone number.
This is also why I really like AKS right now. Traders on the German Exchange were HEAVILY shorting AKS because they were betting that ArcelorMittal would prevail in the patent suit. There was already a monster short of nearly 30% on a small float.
AKS wins the suit, and now the non hedge short on the US, and German exchanges have to figure out how to cover a total of nearly 50% short on the trading float. You wanna see crazy daily short data, see my posts on that board. AKS has some challenges, but the stock is going to rally because some algorithm is going to eventually figure out the arbitrage on the options spread between the two exchanges and KABOOM! Heck no one is even thinking about the attorneys fees that will be paid back to AKS or damages, or licensing, or disgorged profits back to AKS. Or the licensing fees that were paid to Arcelor that will have to be disgorged back to AKS. Perfect storm really. (heck that doesn't even account for some crazy retail investor that gets nuts and starts buying a few million bucks worth......)
But as I always disclaim, I am a complete idiot and have no earthly idea what I am doing. Do your own due dilly.
I have liked ATRS all the way back to the sub dollar days and have played this all over the place, but this is probably the first time I am now just locking away shares for the long term. I won't get near to the position I had before but I will buy on the dips and keep an eye on her now and then. A lot of the risk and unknowns have been removed and it is time to start chasing the revenue and licensing streams.
US based trading firms, use the Toronto Exchange to "hide" abusive naked short selling activity, and they settle the trades to a foreign sub exchange to avoid the regSHO reporting requirements. Not illegal because the SEC doesn't police foreign exchanges that are supposedly self regulated.
Then they reconcile every 90 days when compliance reviews happen internally and push it off the blotter. Just the way it is played. That's why the short data you see is always erroneous and outdated. You can usually add 15% to the current reported short to get a truer picture to account for all of the non-US based clearing exchanges.
Nah! Ebb and Flows. Remember when there was no options trading and the thing would get wicked crazy!? The big shorts are going to churn out HFT, Phantom and options to slowly get covered. This is what happens when the short gets to big on catalyst events and inventory dries up. They set up the algorithms to match their buy (cover) orders with open sell limit orders and trailing stop losses to get covered, hence the downward momentum.
Especially on the naked calls they sold to keep manipulating the price down along with HFT and Phantom Shares. Less than 10% of the total short is hedged.
Ballsy trader if you ask me. Picked up 64K shares and change yesterday 4.01 - 4.09. 306K and change shares. Will begin building back in.
to keep AKS pinned below $4.50. Way to keep naked short selling those Phantom Shares..... The additional short selling this month should put the open interest around 38 Million Shares.
high frequency trades to keep the stock depressed.
What I said, was, "should have been bought out". Implying that major pharma missed an opportunity to acquire AIS on the cheep after the December 2011 debacle when the stock went to $1.50 and before the run into the 5 range.
I believe I said I was buying when at $2.10. Regardless, I tripled up in the $1.50's. Looking at P/L on GTXI and I am down roughly 13K on the entire position now. It was uglier until I did the Cost Average. Definition of a long term hold - Short Term Play gone wrong! LOL I am also still down considerably on ONTY. Own a good size position in the $2.30's. And some one asked about QTM via email. I sold with a series of limit trailing orders when she popped and depleted the entire position above $1.68. If QTM breaks back down below $1.20 I will look for an entry point.
Just to help you out a little, a majority of the naked shorting and against the box shorting is coming off the Toronto Exchange. So, you are correct there is some hedge play happening but there is not even 25% of the total short hedged, and we have the ebb and flow occurring on the A/D. Way oversold, especially on catalyst news on the 14th. Set up very similar to KERX.
Joe, We didn't do the hedge fund due to all of the disclosure requirements and massive legal fees. It was significantly more than we ever thought it would be. So, we just do the same thing we have always been doing, buying up undervalued equities with huge short positions.
I have never left AIS as a shareholder even though I sold a majority of our position on the last run up in July 2011 to 5.00. Bought back in on the pull back in the mid-3 range. The stock could go to zero and we wouldn't lose money on the trade.
My biggest gain by dollar value is FOE, which we have now sold most of that we bought in November of last year in the high 2 range. Sold all of my OWW on the Pop. Played DNDN, APPY, VLO, VRNG, BV and a few others for some smaller trades. Lost a pretty penny on DRYS. Played that all wrong and lost money on the long and short.
Biggest holding now dollar value is AK Steel, which I began buying high 2, low 3. Biggest position biggest number of shares, GTXi.
AIS is no longer one of my monster holdings. At one time it was spooky the number of shares I owned. Very moderate holding now. I am buying 10K lots here and there and tucking away for a rainy day. If there is a bear raid, I will step in on the buy side and double up.
The news release boarders on violating the False Claims Act. Sheesh!