The HUSA squeeze

As mentioned yesterday. I shorted a 'nothing' move yesterday at $2.15 and today got well and truly squeezed on it. I doubled up at $2.95 on this mornings spike. Today we have seen fades, but it is holding up well into close, we could see another morning spike on Monday. 


I will cover some on a push through $3's on Monday. The most likely scenario is we will see fades during next week, back to the low $2's. 


Its a shame, if I had waited for the trade, I could have been more aggressive and my av would be $2.95, instead I have $2.49 av.

Open Trades Short
VRML, MBLTY, GTIM, HUSA, CLNT 

Open Trades Long
UNIS, CLDX, HZNP, ALXA, SVVC

April Returns,  -3.6%