20.86M float/ 5.60% float short/9.20% institutioanl.
Playbook: I expect the hammer to go down on it pretty soon. Product is trash, CEO a nototious company buster, share dilution announced today, institutionals saying good bye... Line in the sand is 7.75$ and a break of this could send the stock to 6$. Not too many shorts, so squeezes rather unlikely.
Stop: 7.95
R:-1
Did not want to miss the flush out of the gate and .75s looked weak so I started small.
Came back right away and got me stoppe out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-20 09:35:59 | CRMD | sell | $7.790 | short |
2015-03-20 10:06:35 | CRMD | buy | $7.930 | 0 |
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