Stock Du Jour, Mon. Apr. 13, 2020, WORX

Added on by C. Maoxian.

SCWorx Corp. (WORX) was the stock du jour, doing 361,000 trades … ICD came in second with 108,000 trades … CANF was on my radar early on and I did trade it, but it only did 39,000 trades by end of day. All three of these microcaps were hard-to borrow and I paid 7.97 cents for WORX ($797 per 10,000) and 6.5 cents for CANF ($650 per 10,000). You need to have a lot of confidence in your ability when you pay these kinds of fees upfront. (ICD was $537 per 10,000.)

WORX was a runaway, there was a good spot to get long after 10 AM, but of course I missed it and was stalking it short all day — have to “make back” those borrow fees after all! There was a very tricky spot at 14:45, it looked like it was going to break, but zing, straight back up. Slow the tape down, pause it, rewind it, study it at that point. (It’s also the thumbnail image for the video). Anyone who was shorting the usual “holes” got run over. I fortunately was unharmed, but this thing was a widow-maker for sure.

I was finally able to short WORX near the close and also once after hours … my executions are included at the end of the recording. Make sure to watch in 1080p, full screen, so that it’s clear.