Navidea Biopharmaceuticals (NAVB) was the HTB (hard to borrow) du jour, doing 226,000 trades and $186MM in volume. I paid 3.71 cents for the borrow ($371 per 10,000) and it gave me a good spot … I was a good boy and took no partial profits till the end of the day, but then it dropped another 20+ cents after hours which would have nearly doubled my gains … 7x overnight borrow cost and a long weekend means no swinging possible, plus I was tired at the end of the week and didn’t want to monkey with it after hours where the liquidity gets very sketchy and it can be difficult to exit things, even for a relative small fry like me.
I also traded SNDL (74,000 trades $39.7MM volume, 2.7 cent borrow) and CLSN (60,400 trades and $68.6MM in volume, 2.7 cent borrow) with the brookie with sort of so-so results. I was a bad boy and shorted both XSPA and MARK at IB since they had shares and scratched them more or less while paying a vast amount of commissions (insane to pay $0.005 per share in commissions in these sub-dollar stocks). But the borrow was free, lol.
Anyway it was a good end to the week. There’s nothing worse than losing money on Friday, especially a Friday before a long weekend, so I was pleased that I was able to bank sick coin, brah, line to line, at the week’s end.
