當前位置: 溫哥華財稅中心  溫哥華投資理財論壇 暴跌的股票千篇一律，做空的境界萬裡挑一。
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秋風戀雪 |
秋風戀雪 於 2018-9-21 17:00 寫道: How a Short Seller's Account Went to Negative $106K (KBIO, ETFC) By Dan Blystone Campbell, a 32-year-old small-business owner from Gilbert, Ariz., liked to trade the stock market in his spare time, but recently got caught in a disastrous trade he will never forget. The story of his devastating short position in KaloBios Pharmaceuticals Inc. (KBIO) spread like wildfire in the financial press, after he described on a crowdfunding website how his $37,000 account balance quickly turned to negative $106,000 on the heels of unexpected news. KaloBios in Trouble KaloBios Pharmaceuticals, which develops antibody-based drugs to treat cancer, announced in a Nov. 13 press release that it planned to wind down operations because of limited cash resources. The release also stated that it had engaged restructuring firm Brenner Group to assist with the liquidation of company assets. The negative news attracted the attention of short sellers eager to profit from a further decline in the value of the company’s stock. (For more, see: Short Selling Tutorial) The Short Trade Campbell was among the short sellers hoping to profit from the company’s demise. On Nov. 18, he sold $33,000 in KBIO stock in his E*Trade Financial Corp. (ETFC) account at an average price of about $2 a share. He then went into a work meeting, planning to hold the position overnight. He stated on his GoFundMe page: “I was holding KBIO short overnight for what I thought was a nice $2 fade coming.” After the close of trading, KaloBios issued a press release announcing that “an investor group comprised of Martin Shkreli and associates together have acquired more than 50% of the outstanding shares of KaloBios, and that the company is in discussions with Mr. Shkreli regarding possible direction for the company to continue in operation.” (Shkreli, a hedge fund manager and entrepreneur, is the founder and chief executive officer of Turing Pharmaceuticals. He stirred up controversy in recent months after his company dramatically raised the price for a drug used to treat AIDS and cancer patients.) KaloBios' Stock Soars KaloBios Pharmaceuticals' stock soared by as much as 800% in extended hours trading on the news of Shkreli’s investment. When Campbell got out of his meeting, he received a message from a concerned friend who knew that he was short KBIO. At first he worried that he may have lost his entire account of $37,000. He quickly learned that the situation was even worse: The stock price had spiked to $16, and his account was now negative by over $100,000. After he called E*Trade, his short position was covered at an average price of around $18.50, resulting in a negative balance of over $106,000. The stock continued to rise and surged the following week, after Shkreli stated on Twitter (TWTR) that he wouldn’t sell any more stock to those looking to short sell it, stating: “I spoke with my counsel & advisers and decided to stop lending my $KBIO shares out until I better understand the advantages of doing so.” Because Shkreli owned such a large proportion of the shares outstanding, his decision made it hard for remaining short traders to exit their positions. The situation was reminiscent of the 2008 short squeeze in Volkswagen, when Porsche increased its stake in the company. Volkswagen’s stock price rocketed higher and short sellers struggled to cover their positions because of the lack of supply in the stock. Crowdfunding Campaign Reacting to the devastating loss, Campbell quickly launched a GoFundMe campaign asking for help with his massive margin call. He was at least partially conscious of risk, stating that the $37,000 in his account was capital that he could afford to lose. He made it clear on his GoFundMe page, however, that he had made the false assumption that there was a safeguard in place to prevent his account from going negative: “Never in my wildest dreams did I imagine that Etrade would NOT have some sort of stop or circuit breaker in place that would automatically cut a position if the account went to $0.” He ended by saying: “My plan moving forward is to liquidate mine and wife's 401k's and try work out a payment plan with Etrade. What an expensive lesson that was. I hope my story helps someone else from the same.” |
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| 樓主 | |||
| 秋風戀雪 |
秋風戀雪 於 2018-9-21 17:06 寫道: 損失慘重，以此文打擊一下本次做空TLRY 的大奶二奶倆冠軍，以慰吾流血之心。  |
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eflee |
eflee 於 2018-9-21 22:25 寫道: 哈哈，為什麼受傷的總是你 |
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| 虹貓 |
虹貓 於 2018-9-21 22:36 寫道: 沒找到kbio這個股票 |
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| 第 3 樓 | |||
| 秋風戀雪 |
秋風戀雪 於 2018-9-22 08:35 寫道:
天將降大任於我..  |
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| 第 4 樓 | |||
| 秋風戀雪 |
秋風戀雪 於 2018-9-22 08:50 寫道:
這是幾年前的事了，CEO被抓，股票摘牌。股價一天之內從2跳升到16，然後飆升到40幾。 |
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| 第 5 樓 | |||
| 虹貓 |
虹貓 於 2018-9-22 09:33 寫道:
原來是這樣呀，那和現在那只大麻股好像 |
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| eflee |
eflee 於 2018-9-22 10:53 寫道:
堪比寶寶說的那只藥王股（妖股） |
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| 第 7 樓 | |||
| 派特的幸福劇本 |
派特的幸福劇本 於 2018-9-23 18:12 寫道: 做空有利息的，如果到期要平倉不夠錢cover，強行平倉很慘很慘 |
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| 第 8 樓 | |||
| eflee |
eflee 於 2018-9-23 22:14 寫道:
做空有好多種方式的。你講的是最直接最暴力的一種 |
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| 第 9 樓 |
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