Closing trades (GRPC, CMEDY & VRNG)

GRPC - s/s at $1.8 last week, covered mid $1.4's. GRPC is a suspected Chinese fraud that spiked big on earnings. I based the trade off DEER, it to is a well know suspected Chinese fraud. The trade being, s/s the large spike in the share price (the morning pop on the day after the spike) caused by the bumper profits, ride the fade down as investors realise the company is still cooking the books.

CMEDY - s/s yesterday at 3.05, covered today 2.35. Company got my attention after reading an article by a successful short seller. I should have been more on the ball and got a more aggressive short away mid to high $3's. Hopefully get a decent pop over the next week for another crack at it.

VRNG - as per my post, I covered early Monday morning, pre market ($3.75), it reached $4.50, but there were no shares to short. I will probably leave this one alone now.




Open Trades Short
HUSA (April $7.5 puts), VRML, TZYM, OPHC, HEAT, MBLTY, QIHU

Open Trades Long
CHTP, UNIS, MSHL, CLDX, HZNP, ALXA



April Returns - +1.3%