Update - XMSR

XMSR opened in the pre-market at $12.00 at 7:10am. At 8:00am the pre-market high of $12.43 was seen. The stock was very jumpy in the pre-market trading between $12.43 and $12.10 over the first few minutes after 8am. Closer to 9am, the stock started to fall and hit a pre-market low of $11.94 at 9am. It once again rose to $12.30 before closing the pre-market at $12.19 but also had trades at $12.08 in the final minute before the bell. The stock then opened at $12.25 at 9:30am and hit the high for the day of $12.28 in the first few minutes of regular trading and then took an initial drop to $11.93 shortly after 10am. The stock hovered around the $12 mark and had a low for the day of $11.87 but finished with a strong up push to $12.19. So in the end, plenty of opportunity to get in with a good quick short considering how volatile the stock was and heavily traded. Of course this is another example where my no-short rule did not apply.

Thomson I-Watch showed pretty heavy selling of the stock for the better part of the day. This selling can be interpreted as selling by institutions and hedge funds as retail traders only represented 7% of the trades. See the full I-Watch data HERE



I-Watch chart for today: