Small Time Trading

[benchman]

Account value down close to $500. And it will be in a margin call tomorrow. The drop and the call are due to RAD. When RAD falls below $4 a share, the maintenance requirements go way up on it.

The drop in RAD was due to this story:

http://nypost.com/2017/05/16/ftc-steps-up-scrutiny-of-walgreen-rite-aid-merger/

And a report that Carl Einhorn has sold all of his shares. I do not consider the FTC gathering more info as a sign the deal will not go through. I think this is just another opportunity for fear and shorts to take over. We shall see.

RAD closed down .33 to $3.78 today.

ESV closed down 3 cents to $7.74. Oil was down a 1/2 percent.

MAAFF was unchanged with no volume.

On the positive side, TPLM was up .007 to .055 on 709K volume. Would like to see continuation of the momentum tomorrow.