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EDU shows how important to read market action correctly. The reaction had little to do with people believing the rebuttal. It was more like short covering followed by a momentum trend(probably exacerbated by HFT and algos)

Haven't read in detail but its the same BS with these Chinese companies, they always deny everything. Muddy should issue a rebuttal either today or tomorrow

I'd note that if a stock in the index doubles I will probably cover and wait till it loses strength before shorting again

I'm referring mainly to daytrading shorting here, I find that it helps slower traders, people who don't have bloomberg terminals or price action alerts. You have plenty of time to get in shorting because the adjustment is not made right away(Since short sellers can't short at will). It also...

UAPC XCLL GWBU SEFE AAMRQ PVTA LUXR. The weights are not equal because I started shorting really small positions to get comfortable with this strategy, the shorts I'm adding now are bigger My goal is to devote something like 5% of my networth to the garbage index with the goal of making...

I'm finding that stocks with the uptick rule tend to be quite easy and stable to short. Today there was ROVI, last week LXK. Both had bad news, large declines and a steady downtrend through the day(Short sellers can't clean the bid book due the restriction), the decline takes longer to achieve...

EDU down huge, plenty of shares to short at IB. Options trading also was avaliable. These stocks where the uptick rule come into effect(usually after a huge down day) tend to be more gradually adjusting instead of tanking a lot very fast, so there was plenty of time to short this one. I'm...

I shorted a bit after the news hit tradethenews(usually faster than most retail news sources). They are under SEC investigation and muddy rushed the report to get the SEC to be aware of those facts. Seems like a stock that will be delisted soon

When there are no shares to short always check if the stock has SSFs. Usually you will have to pay up to short it but it becomes possible(The discount will be paid anyway by shorting shares in the form of short fees) SVU has SSFs. 13cent discount to the stock to short it. But I'm don't have a...

VLNC filled for bk chp 11 today. Stock was halted pre-market and did not trade. PCX was such a rare play because the news leaked out giving people plenty of time to kill the dumb HFT market markers who didn't pull their bids and bottom pickers It will be hard to find other plays like that...

I'm not sure the price is all that meaningful. All I care are -How bad the business is, I look at current liquidity ratios, insolvency and operating losses(along with declining revenues) -How likely is the stock to squeeze(Spam stocks usually have a hard time going back to the old highs)

I'm doing a similar approach, I'm making a garbage index and shorting small positions on them. I have SEFE, LUXR, XCLL, AAMRQ, GWBU, DOMK. These are mostly promoted stocks that have awful business but were propped up by spam. Also I still have the put positions on some stocks mentioned earlie

AMR Corp. to formally explore mergers in coming weeks, WSJ says

ZH tweeted that AMR will explore merger options. Also made a joke about it. No idea if that is a true statement from mgm

I shorted a small position now I will wait for further news to take a large short. Some traders this morning took more than 1M shares of AAMRQ that were available to short. So it seems that the 'smart money' is also thinking along these lines

If that were to happen AAMRQ would be cancelled right after the merger no?

CMI is down $10(-10%) even though it trades at 9x earnings, taking ES with it. Market possibly starting to price in a global recession

Covered PCX through IB trade desk(had to call them) at 0.244. TWS doesn't have the new symbol. They waived the $30 phone trade fee

Are you short AAMRQ?The are shares available and the 18% annual fee doesn't seem high. I'm not following the bk but I'd be surprised if the equity is not worthless At the very least it could be a good thing to keep on a watch list of a trading software as any kind of hint the stock will be...

I did but I was too conservative in the size. I should have retired yesterday