DFWMustangs stock market game 4 starts 3/25/2014

[slow99]

Think there are more people trying to short KBIO at the 18-20 range? Is it worth taking a small long position in hopes that it will spike when shorts start having to cover?

Short interest was 9% of the float as of October 30th when the stock was under $3. That isn't an insanely high short ratio and with move I have to believe most have already covered.

[1carcrazyguy]

Think there are more people trying to short KBIO at the 18-20 range? Is it worth taking a small long position in hopes that it will spike when shorts start having to cover?

[1carcrazyguy]

Of course...my luck, next week the stock would drop back the 1 range that it started out. That after the position was closed. So not only did you lose the 106k, but missed out on the profit from the $2's to under a $1 a share....


Reporting for suicide watch? "HERE"

[slow99]

Either way that guy is F......d.

Yep

[1carcrazyguy]

Either way that guy is F......d.

[slow99]

I thought the story said he was down 106k when the shares were under $10. Either way the company would have got their butt handed to them if they had not closed the position.

At the close of 17th, his position was worth $18,228. It closed at $2.10 so he had about 8,800 shares. That screenshot of his account says he's negative -106,000 during the after/pre market trading. So his short market value was -139,000 (-106-33). The time that screenshot was taken it was trading around $15.80

[1carcrazyguy]

I thought the story said he was down 106k when the shares were under $10. Either way the company would have got their butt handed to them if they had not closed the position.

[slow99]

And it has not stopped....now at nearly 20 a share. So he would be out 320,000.

At 19.25 a share I think he's negative about $134,000, but still holy shit.

[1carcrazyguy]

And it has not stopped....now at nearly 20 a share. So he would be out 320,000.

[snacksnack]

ouch, now thats a beating.

[1carcrazyguy]

Looks like a good thing they closed his position. In premarket this morning KBIO is up another $4.30. So he would owe 230k....lol

[slow99]

Hard to believe someone would take that large of a position without having the funds to back it up. There is no way I would short something in that quantity.

Well, he had the $37k in the acct to support an $18k position at one point, lolz. Most people don't truly understand the concept of unlimited loss involved with shorting until they see something like this.

[1carcrazyguy]

Hard to believe someone would take that large of a position without having the funds to back it up. There is no way I would short something in that quantity.

[slow99]

Hope this was not one of you.


http://www.marketwatch.com/story/hel...556-2015-11-19

Read that earlier ... sucks to be that guy.

[1carcrazyguy]

Hope this was not one of you.

http://www.marketwatch.com/story/help-my-short-position-got-crushed-and-now-i-owe-e-trade-10644556-2015-11-19