MODEL SELLS 1000 MOGN @ $7.00 = $7,000 BASIS REMAINS $7.00
MODEL SELLS 263 AVIR @ $28.94 = $7611.22 BASIS BECOMES $27.49
MODEL BUYS 500 INHL @ $23.125 = $11,562.50 THEY ARE GIVING IT AWAY
DO NOT BELIEVE CYTO1'S PUBLISHED BUYING POWER NUMBER IT IS WRONG AND DOESN'T COMPENSATE FOR THE SHORT CORRECTLY:
EQUITY = $103,550 - $13,000 RESERVE TO COVER ENMD SHORT = $90,550 MARGINABLE EQUITY. AFTER SALES AND BUYS ABOVE, LEAVES $3048.72 TO APPLY TOWARDS MARGIN: $93,575 - 3048.72 = $90,526 MARGIN DEBT VS $90,550 MARGINABLE EQUITY WHICH KEEPS US ABOVE 50%.
HAVE NOTHING AGAINST THE STOCKS SOLD, JUST NEEDED CASH TO BUY THE INHL WHICH V1 AND I FEEL WAS SLAMMED FOR NO GOOD REASON AND IS NOW A SCREAMING BUY. V1 AGREED TO THE BUY, BUT DIDN'T REALIZE WE NEEDED TO SELL TO CREATE ROOM. I PICKED THE STOCKS TO SELL, ALMOST SOLD SOME LGNDW BUT DECIDED AGAINST IT AT THE LAST MINUTE (YOU ARE WELCOME HENRY!). HOPE THIS WORKS FOR YOU V1.
NOW WHAT REALLY SUCKS IS I HAD THIS TYPED IN AND WAS TRYING TO POST WHEN MY ISP CUT ME OFF AND CAUSED MY MACHINE TO FREEZE AND I HAD TO RECALCULATE AND REENTER ALL OF THIS. IT IS 2:44AM PDT, SO I AM NOT PLEASED WITH THAT. ALSO, LAST I CHECKED SI WAS DOWN TOO, SO POSTING MIGHT NOT GET ENTERED BEFORE THE OPEN, BUT IS EFFECTIVE NOW!
RMAN IN NEED OF SLEEP!
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