DRAM Short Selling

March 5th, 2015

Short Selling DRAM

DRAM

Dataram Corporation, (DRAM), was one of the biggest gainers, over the weekend (after hours) and early in the morning on March 2nd. I remembered what Whalen always said, he said do the opposite of what other people would do. Most people seeing this company on the rise would try to buy and then cash out a little later on in the day seeing a quick profit, but I thought long term. I decided to short sell, I sold it at $3.17 and sold 17000 shares. I checked again a little bit later, and I noticed the stock begin to rise in price. I decided to stay in, and then around 2, I checked again and I was in the green, making money, but the stock price was slowly rising again so I bought to cover at $3.07. This trade made me $1,700. That night I was watching the DRAM stock during after hour activity and noticed that the stock price had jumped back up to $3.20. A minute after market open the next day, I decided to sell 17465 shares of that company. Today I checked that stock again and noticed it dropped to $3.00. I bought to cover and made around $3,500. I made over $5,000 by simply thinking the opposite of what others would.