Covered with an average of 14.57. A small portion of my cover order was partially filled at 14.32 early in the morning and created a bottom for the day on Monday but then the price jumped right back suddenly, perhaps because the order was large. I then had to change the limit to 14.6 and ended up with an average of 14.57.
And note that this advice comes from a natural bear: I make money mainly shorting stocks and my portfolio always looks like 75% short, 25% long. So I really need to find strong reasons to convince myself to go long on a stock.
"is this will ever get to 13?", the grammar itself tells me that you are a very impatient trader, i had that problem too, but learnt how to deal with it. I went long FIO today @ 8.56$ and won't even consider selling under $11. I have done my research and will be patient with this one.
0LLAF7UD 1,148 $13.13 $15,073.24 4:00:00 PM
0LLAF7WC 10 $13.13 $131.30 4:00:00 PM
0LLAF7YE 100 $13.13 $1,313.00 4:00:00 PM
0LLAF7ZQ 300 $13.13 $3,939.00 4:00:00 PM
0LLAF71D 100 $13.13 $1,313.00 4:00:00 PM
0LLAF8DE 100 $13.13 $1,313.00 4:00:00 PM
0LLAF8DK 100 $13.13 $1,313.00 4:00:00 PM
0LLAF8DS 100 $13.13 $1,313.00 4:00:00 PM
0LLAF8DT 100 $13.13 $1,313.00 4:00:00 PM
0LLAF8D3 2,012 $13.13 $26,417.56 4:00:00 PM
0LLAF3JJ 100 $13.13 $1,313.00 3:57:00 PM
0LLAF1RC 1,200 $13.13 $15,763.00 3:56:00 PM
0LLAF1RD 100 $13.13 $1,313.00 3:56:00 PM
0LLAF1RP 30 $13.13 $393.90 3:56:00 PM
P.S. You are such an idiot.
It keeps making new highs, Dan. With this kind of move, I suspect there is some major M&A news underway, which has already leaked out.
I can't believe it, covering 5500 shares took 14 executions!!! There were actually very few sellers even at the end of the day!
It was 12:58 and my sell order hand't been executed, and I must confess i was getting very nervous. I changed my cover order from 13.01 to 13.13 and prayed that it hit my target, and thank god it did, what a relief! Its because i never want to keep short/long overnight in this scary bubbled market.
With GTN, there's always the risk of waking up in morning and seeing your short/long position losing 10% or more, so always want to avoid that at all costs.
Dan, i hate shorting stocks too since you can only make money when someone loses. But what can I do in this bubbled market? The only way I justify my shorts morally is this: I only short stocks with 300% gain or more and hope to make money when others take profits and leave something at the table for me.
I guess my cover was the last trade of the day. Can't believe this stock, it was much stronger than I thought. Dan I give you a lot of credit for choosing this. I will look to short it again at 13.6 area
Dan, I'm still wondering makes a 2$ go to 13$ in year without being acquired by another company (just adding some local channels)? Can you explain in a few lines for me? Thanks.
Dan, I have read all your posts this since 2008! You are one of the greatest traders I've seen in my short trading life, and I am yet to see anyone on yahoo boards with a better track record of correctly predicting the price actions. But I also did a very extensive research with the GTN's historical price data in Matlab. I know it might see higher prices soon, but i trade daily and no point for me to enter at these levels. I wish I had enough courage to stay long these names like you, but i just can't handle the stress of sleeping at night with all my money put into some stock which was trading at 2$ a year ago.
This stock is manipulated. But it has a rule: 11% gain or more in a day with no news (just upgrades) is not sustainable. will cover at the end of the day for 0.3 profit.
WOW, not sure what they are planning to do with the gold price.
A horrible mistake investors make is guessing the bottom, NEVER DO THAT or you'll burn. Wait for it to show some signs of strength. Its just a falling knife at this point!