I've been making bank these past couple of weeks but got a little carried away and dipped too far into margin. Last friday I got my first margin call and used that as an opportunity to liquidate a bunch of stock and rebalance my portfolio.
I dumped TTWO: which unfortunately has been trading absolutely dreadful since I bought it. I correctly predicted that GTA 5 was going to be big and it proved to be much bigger than even anticipated. What I could not predict was how TTWO would react to all of the positive news by selling off and getting kept held down.
I also dumped BTH which unfortunately is dead money. In hindsight I should've sold it on the buyout rumor and the initial pop it received I just was expecting some sort of short squeeze as its 91% short which never materialized. One day probably soon now that I am out of it, it will gap up 50% on buyout news but unfortunately until that day it is quite frankly dead money.
I halved my position in ONVO. I suspect positive drift but its likely this stock will be range bound for some time now as the market adjusts to the aftermath of the insane moves it just recently experienced.
I sold a little bit of DDD and also reduced some BALT.
I also significantly reduced my position in PRKR.
I might increase my position in PRKR moving forward it is my best idea for huge breakout potential but I need to really use caution in abusing margin and keep my positions smaller than I have been for safety at the expense of outsized gains.
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