Stock Du Jour, Thu. May 14, 2020, CODX

Added on by C. Maoxian.

Co-Diagnostics (CODX) was the HTB du jour, doing 156,000 trades and $979MM in volume. Actually GNUS did more trades (245,000) but less dollar volume (255MM) so I could have chosen that one as stock du jour, but the truth is I took my wife to the flower nursery this morning and wasn’t at my desk, though I had Bookmap recording CODX since I knew it would still be in play since yesterday.

Anyway, CODX is not borrowable at my brookie and of course IB has no shares so I was out of luck as far as trading it, and of course it set up perfectly and crashed completely, even triggering SSR, which I suspected would happen (check my time-stamped TWTR feed). My entry woulda been above $28 and my exit woulda been in the $21s, but, “woulda.” C’est la vie. I’m getting a new brookie very soon.

When I got back in the afternoon I did play ALT (69,900 trades) and APDN (81,600 trades) and was pretty pleased with both of them. The borrow costs were 3.6 cents and 8.93 cents, respectively. AIM was in-play (82,700 trades) as was AKER (67,700 trades), and the latter dropped a midday offering that devastated the longs, absolutely savage (or beautiful, depending on what you think of old WAIN). So once again there was a ton of stuff in play, so you have no excuse not to be “banking sick coin, bro.”

I was a good boy and did not open up IB and therefore did not lose money there or pay $500 in commissions, which seems to happen every time I do log on … so just focusing on HTB land remains the way to go for me.