Sorrento Therapeutics (SRNE) was the stock du jour, doing 1.26 MILLION trades and $3.6BB in volume … it was an erratic borrow at IB (more on this below) so I eventually paid the brookie 4.6 cents a share ($460 per 10,000) to have reliable shares available … it gave a good spot in the morning, breaking down out of a coil (I shorted 4.81 at IB) but then caught support at 4.35ish and rallied, jamming me out for a full 1R loss, which I anticipated, but didn’t tighten the stop, which is fine. It then ran to $9, ya know doubling in a little over an hour. I then went to re-short it at $8 but IB had no borrow — took the loss earlier then had no way to make it back … FML … that’s when I went to the bookie and paid up and got short $7.99.

ACB was also in play (249,000 trades) and the same things happened to me there… short at IB, jammed out, go to re-short, no borrow, go to the brookie, pay 5.4 cents a share, and short 11.50 … super frustrating. So I had large realized losses at IB and no way to “make it back” … of course I made good money with the brookie, but that’s not the point. The unreliability of the borrow making a re-short impossible in the same account is super shitty, and makes me swear off trading short with IB again (until the next time).

Lastly I played TTPH (26,300 trades), shorting 2.27 (paid 1.94 cents for the borrow) and planned to cover 1.95 … bragged about imminent cover on TWTR which caused the stock to reverse 10% and jam me out for a semi-scratch.

GNUS did 80,600 trades and jammed out the weak shorts then dropped straight to the larger time frame targets, gotta love it … I was not involved but could have been … woulda been fine because I woulda re-shorted, unless I were playing at IB, in which case there’d be no borrow when I needed it and I’d be stuck with a large, unreplace-able loss.

BLIN also in play with 112,000 trades, no spot for me and I was busy with SRNE TTPH ACB, can’t catch ‘em all. Very good week with the brookie, absolutely terrible week at IB.