Stock Du Jour, Wed. Apr. 22, 2020, SAEX

Added on by C. Maoxian.

SAExploration Holdings Inc (SAEX) was the stock du jour, doing 88,200 trades and $58MM in volume … it was very hard to borrow and I only got a partial fill at the bargain (!) price of 15.05 cents per share. I got a good fill on entry though and was a pretty good boy about not covering anything prematurely, but I still did of course, though very litte… still working on solving this problem.

The same difficulty and expense of borrowing was true of the other HTB du jour, PECK, which did 41,500 trades ($52.9MM in volume) … I paid 11.88 cents per share for that one and ended up getting jammed out shortly after it ran above $6 at end of day (5.748 in, 5.914 out + fairly massive borrow expense, argh) … of course it went to $5.25 after hours and I would have made decent money there, but I was feeling a bit tilted, always happens after a cynical stop run. Shoulda re-entered, story of my life. Trading is simple, but it ain’t easy, as any service seller will tell you.