There were three stocks du jour, all hard to borrow, but I thought I’d focus on Akers Biosciences Inc again since they did a midday stock offering and those are always interesting to view in the Bookmap. I paid between 8.93 and 10.35 cents per share for the borrow (ave. $964 per 10,000 shares) … I shorted at $7.93 ave. and had an all-out cover of $5.718 ($5.50 best), which was good. AKER did 122,000 trades today.

The other stocks du jour were DPW (127,000 trades) and YGYI (87,200 trades) … I traded both of them with less success, bungling the trade management on both really … I expected them both to fall much farther than they did, and I wasn’t vigilant about managing the balance of my positions after the initial covers (overconfident?), and got jammed out on both of them — scratches when they should have been decent gains, if well managed.

I’ve slowed down the tape right around the offering so you can take a hard look at how disastrous a midday offering is for those trapped long from above.