"When I shorted 200 shares of Force Protection (NasdaQ: FRPT) on Friday afternoon at $11.20, I was expecting... but, similar to hitting a pool ball into a pocket you didn't call, I was not rewarded for my efforts.
In the end, FRPT finished down 11% at $9.60, but not before an early morning spike to $11.80 scared me and a few other shorts out of our positions. I covered at $11.25 (before the morning spike), for a devastating loss of $25 including commissions."
Can you guess who gets scared out of 200 shares of an $11 stock ??
In the end, FRPT finished down 11% at $9.60, but not before an early morning spike to $11.80 scared me and a few other shorts out of our positions. I covered at $11.25 (before the morning spike), for a devastating loss of $25 including commissions."
Can you guess who gets scared out of 200 shares of an $11 stock ??

