I started the day with a decent short sale of Opnext, Inc. (OPXT) @ 2.91, which was the HOD. Soon after part of my order filled, IB's TWS got hung and it was not responding. When I checked in ScottradeElite's level II, it was trading at 2.53. If I were using Scottrade as my broker, I would have covered around 2.53 but by the time my TWS started responding it was trading 2.57 X 2.58. I hit the ask to cover my entire position and made 12+% in about 4 minutes. I also made a couple of trade for some small profits.
My buy order of EMCORE Corporation (EMKR) was filled @ 1.55, which was a penny above the afternoon's low of 1.54. When I looked at ScottradeElite's level II, it looked bit weak and it was trading at 1.57 X 1.58. I wanted to sell 1/6th of position at 1.58 to see the strength but I placed a sell order for my whole position. To my surprise, it got filled instantly. You may know that it set a new high of 1.83 (about 15% more than my sell point). If I had bit more patience, it could have made "icing on the cake". However I don't regret as such opportunities could come in future.
TGIF and enjoy your weekend.
Disclamer: aBigThinker.com ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.