Stock Du Jour, Thu. Apr. 9, 2020, CLSK

Added on by C. Maoxian.

There was a lot of action in the microcap hard-to-borrow market today, but I selected CleanSpark Inc over ICD (Independence Contract Drilling Inc) since I considered ICD a “latecomer.” CLSK did around 60,000 trades today and ICD did around 94,000 trades. I paid 9.97 cents per share to borrow CLSK ($997 per 10,000 shares borrowed). I made nearly 30% on this trade all out (before fees).

Slow the tape and watch closely at key times … pause it, rewind, play at near normal speed (1/4 speed), pause, rewind, STUDY. I know it’s sort of intimidating to look at the order book like this, but once you know what you’re doing, you can’t live without it. Make sure you watch in 1080p so that it’s crystal clear.