This strategy is working remarkably well. I made some solid timely bets on some pumped up penny stocks. Outlined are the positions I have and the balance that I maintain. Making $38,296 is puny for a $10,000,000 fund but a better ratio to look at is Return to Invested Capital. This is why I included my trading history for you to see what I mean. The aggregate amount on penny stocks that I have shorted is $221,696.99 including commissions. $23,854.55/$221,696.99 = 10.7600% Return in over a month!
I picked my positions and let these scam companies erode to maximize my return. This is not day trading. This is investing net short in manipulated companies and having enough margin to allow yourself to weather further irrational behavior in this segment of the market. Little risk and great reward!
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