American Superconductor Stock Forum

JFL : Master ! You are really good !

10baggerbamm OP JFL : all aboard... $$

EmotionOutOfEquation : $41.94 attainable I don’t think right few weeks

骨神 : Still far… my price is 31

10baggerbamm OP 骨神 : I didn't tell you to buy it at 31 I was a buyer the first time around 22-23-24 and then a rally I didn't catch the full rally I sold before it really gapped up to the mid upper 30s however down here I've been pounding the table last week this week today we got a little bit of a rally out of it I think there's a lot more coming

10baggerbamm OP : this morning everything is trading higher pre-market I don't know if we'll see some profit taking today tomorrow because you might have people that didn't want to take capital gains last few days of the month last year for tax reasons do it today it would not surprise me if you see people selling into this morning open just locking in profits.
so the 28 strike is what I would Target and I would put orders in it maybe 60 cents or 50 cents it depends where it opens and leave your order in for the day and as long as the market doesn't self destruct and meltdown and crash for some unrelated reason I would keep reentering the order until you get filled.

JFL : Fill back the short order ?

10baggerbamm OP JFL : you know that's certainly a possibility... I don't think you would get a panic buy to cover looking at the market.. it still negative on the day. I don't see a reason that somebody would put an order in to buy 70,000 shares immediately you would work an order you'd put 5,000 shares to cover and then another 5,000 shares to cover and you're going to stagger them a little higher a little lower to let the market breathe so it doesn't look like there's one huge buyer trying to accumulate and everybody's looking at a level too and starts raising their bids and the stock starts trading higher.
so while it's possible what you're saying I don't think it's probable

JFL : Your explanation makes more sense. I’m still too young to the market .

10baggerbamm OP JFL : well you know you asked a very good question and it's certainly a possibility , part of investing is learning a little bit every day.
you need to think if you were that person that shorted the stock and you were up $5 picking arbitrary number you're at a profit 70,000 shares five points wouldn't you want to maximize your profit when it came time to cover and close out that trade?? so what would be the best way to maximize profits throw a buy order in all at one time or gradually nibble at it to close out your position.
all that being said somebody hit the buy button for 70,000 shares maybe they meant 7000 shares and they're shiting a brick right now because they bought 10x more than what they intended to

Pablovski : I was literally placing an order as that sale went through managed to catch the dip on the otherside of that big ass candle.