Stock Du Jour, Tue. May 5, 2020, MVIS

Added on by C. Maoxian.

Microvision (MVIS) was the stock du jour, or more specifically, the HTB (hard-to-borrow) du jour, doing 373,000 trades and $409MM in volume. It coiled beautifully all morning clearly defining half number $1.50 as the key level of “support” (esp. visible using Bookmap) … the borrow was 1.77 cents per share ($177 per 10,000) and I got a good entry. My old trading buddy Dave Mabe has been counseling about letting my winners run and I was a good boy and didn’t take a single partial profit as it collapsed 35%. Note that SSR was triggered by a penny, those clever devils! Yep, banked some sick coin, brah, though it was not, and never will be, “stress-free.”

I also traded SGBX (38,800 trades) and CLSK (242,000 trades) with the brookie, paying 19.91 (!) cents and 2.25 cents per share, respectively, for the borrow. GNPX was also in-play and I was super keen on it (it gave a lovely spot) but the brookie had no borrow (it’s a Reg SHO Threshold List stock) and I even went to a SECOND brookie for a borrow (alas, they had none either).

Now all was not sweetness and fairy dust… I traded three easy-to-borrow (ETB) stocks with IB and lost in all three of them, three swings, three misses, yep, I’m sensing a trend with these easy-to-borrow stocks, hrmm, what could it be?? Yeah, I really need to avoid shorting ETB stocks, they are major “headaches,” as the kids like to say.

Big day, good day, no tape fighting, no stop pulling, no (GOD FORBID) adding to a loser, no tilt! Just solid execution start to finish in HTB land, what a wonderful niche. There’s a reason this is the playground of superstars like Grittani and Du Xiuxian and who else, I don’t know, there must be one or two others, hell, everyone on TWTR seems to “nail” things day after day (until they suddenly disappear forever). But, seriously, you have to be a semi-pro gambler here, no training wheels allowed.

(Remember, slow down the video… pause it, rewind it, speed it up, pause, slow it, stop, study, back it up, re-watch. You get the picture?)