Stock Du Jour, Thu. Apr. 16, 2020, EDNT

Added on by C. Maoxian.

Edison Nation Inc (EDNT) was the HTB (hard-to-borrow) du jour … it did 89,700 trades on the day … I paid 14.73 cents per share and was unable to get a full fill on the number of shares requested, so I had to take a smaller position than usual. CODX was a latecomer HTB and did 84,400 trades on the day. CODX is on the Reg SHO Threshold List, so my bookie had no shares available to borrow. Other in-play hard-to-borrows were THMO, PDSB, and ATOS.

Bed Bath & Beyond (BBBY) was also in play, but it’s an excellent example of a stock I would never trade … easy to borrow and not a microcap … there are institutional shareholders there, real analysts following the company, which makes it a total avoid in my book. You have to know which stocks made good day trading candidates and which don’t. Whenever I see someone trying to trade a “Usual Suspect,” it makes me wince.

25 years ago I was on the Avid Trader website (long gone)… they had a chatroom and it was fun to chat with “jacad” and “oleman” and “grizzly” and “2cents” … my handle was an optimistic “smartmoney.” A nice bunch of people, those were very early days when things were pretty civil and everyone got along well. All those guys are probably dead now, but I’m still around … still yacking into the void.

Ha! I just found this Silicon Investor thread where someone copy and pasted something I wrote on some previous incarnation of maoxian dot com. I remembered more handles in that previous post:

Back in the ancient past (1997?), many interesting people hung out at Avid Traders Chat. There were a bunch of nice, bright people who congregated there to chat about the markets and trading: alice, barbarian, bondzai, colby, craig, dr. doom (Teresa, one of the few women), fiendbear, grizzly, guliver, humble, jacad (later known as samurai), jasbond, jwhite, mina, mitstop, notop, oleman, soup, swtrans, temple, topxprt, twocents….”

Easy to reminisce during the global quarantine….