HSX Forum

Playing & Trading Strategy

Shorting $2 IPOs

Posted by: drakkar on May 24, 06:45 in response to RotoHockey2013Main Port's post <INSIDE>.

I get the logic of shorting $2 IPOs, but I get burned on them so often. Ghost Team (GHSTM) today increased $1.77 to $3.77 despite 20 million shares shorted.  Some times there's a slow descent back to sub $2 after that, but that might not be until the movie is near release. 

What i don't get is how so many short something and the stock increases. Probably due to people who shorted yesterday covering during reset trading.  And the reset traders seem to not mind screwing over the casual traders who don't log in every day. 





Post a Reply

To post to the forums you must first login!


Buy Max    Sell All    Short Max    Cover All    Radar

Horizon: An American Saga Chapte (HORZN) 1 90.99 (+0.26)          Clue (CLUE) 100000 18.21 (-0.06)          Megalopolis (MEGAL) 150000 27.09 (+0.22)          The Garfield Movie - Opening Wee (GRFLD.OW) 1 42.24 (-0.48)          Calamity Hustle (CLMTY) 48672 57.41 (+3.16)          Terrifier 3 (TERF3) 150 8.38 (-0.05)          James Bond 26 (JB26) 50000 135.22 (-0.22)          Kingdom of the Planet of the Ape (APES4) 150000 142.75 (+0.64)          Despicable Me 4 (DESM4) 5 247.20 (+0.24)          The Young Wife (TYWIF) 2 1.09 (-0.03)          Beetlejuice Beetlejuice (BEET2) 100000 164.31 (-0.11)          Press Your Luck (PLUCK) 150000 8.00 (0.00)          Toy Story 5 (TOYS5) 150000 265.53 (+1.54)          Press Your Luck (PLUCK) 150000 8.00 (0.00)          Calamity Hustle (CLMTY) 150000 57.41 (+3.16)          Christmas Eve in Miller's Point (CEIMP) 14640 1.76 (-0.14)          The Strangers: Chapter 1 (STRN3) 1000 26.76 (-2.00)          The Substance (SBSTN) 150000 9.91 (+0.36)          Hypno-Hustler (HYPHU) 150000 22.15 (-0.12)          Star Trek Origin Story (TREK4) 25487 70.76 (+0.20)          The Garfield Movie (GRFLD) 5000 87.61 (-0.92)          Press Your Luck (PLUCK) 150000 8.00 (0.00)          Calamity Hustle (CLMTY) 150000 57.41 (+3.16)          Back to Black (BTBLK) 150000 9.35 (-1.32)          Calamity Hustle (CLMTY) 150000 57.41 (+3.16)          Back to Black (BTBLK) 150000 9.35 (-1.32)          Back to Black (BTBLK) 150000 9.35 (-1.32)          Children of the New World (COTNW) 150000 0.08 (+0.04)          La Chimera (LCHIM) 150000 0.80 (+0.01)          Calamity Hustle (CLMTY) 50000 57.41 (+3.16)          The Absence of Eden (KHGRD) 150000 0.23 (-0.06)          Shirley (SHRLE) 150000 0.04 (0.00)          Twisters (TWIS2) 150000 162.49 (-0.77)          Brian Cox (BCOX) 25000 33.50 (0.00)          Brian Cox (BCOX) 25000 33.50 (0.00)          The Garfield Movie - Opening Wee (GRFLD.OW) 5000 42.24 (-0.48)          Geraldine Viswanathan (GVISW) 25000 21.32 (+0.12)          Back to Black (BTBLK) 35000 9.35 (-1.32)          The Convert (CNVRT) 10000 1.87 (-0.07)          Press Your Luck (PLUCK) 150000 8.00 (0.00)          Christmas Eve in Miller's Point (CEIMP) 10000 1.76 (-0.14)          Paul Mescal (PMESC) 25000 2.94 (0.00)          Calamity Hustle (CLMTY) 149999 57.41 (+3.16)          Horizon: An American Saga Chapte (HORZN) 150000 90.99 (+0.26)          Horizon: An American Saga Chapte (HORZN) 25000 90.99 (+0.26)          Press Your Luck (PLUCK) 150000 8.00 (0.00)          Press Your Luck (PLUCK) 150000 8.00 (0.00)          My Penguin Friend (TPATF) 150000 4.15 (+0.04)          My Penguin Friend (TPATF) 150000 4.15 (+0.04)          Fast & Furious Presents: Hobbs & (FFHS2) 150000 43.90 (-0.50)