Creative Realities Inc (CREX) was a latecomer HTB which eventually qualified as the stock du jour, doing 218,000 trades and $259MM in volume … originally IBIO was the stock du jour doing 116,000 trades and NAT also did 262,000 trades, though neither of those was HTB and I played them at IB.

I got a lovely short entry in CREX after paying 3.73 cents per share for the borrow ($373 per 10,000) … I’ve been practicing holding all day, but couldn’t bear the profits and covered a small piece when I was up around 20% and kept my original stop … shortly afterwards, right at 3PM it exploded higher and I was stopped out for a scratch more or less, after significant slippage … this was a squeeze for the ages and I’ll have to think more about how to manage my original stop in these situations, though things happened fast here and I might not have been able to tighten it quick enough even if I had the presence of mind to do so.

Frankly I’m pleased with how well I handled it … people who get stubborn and add to “work their way out” of a bad position bust out and disappear … CREX hit a high of $5.15 after hours so you can imagine someone with my entry and modest size would be down $30,000 there, unrealized. Scary.

The tape starts right around 11AM when I first noticed CREX on the scanner. I had been busy with NAT and IBIO at IB as well as TROV at the bookie. Slow down the tape at 3PM and watch the rocket ship take off.