Alto Ingredients Inc (ALTO)

[keekee]

Covered entire 14000 short at $1.34. Great day. I short - 7000 at $1.61 and another 7000 at $1.80. I knew there was no way this thing closed above $1.50. Almost 500% run in a week? Kidding me. Retiring debt and CEO buying do not worth that much premium. There was massive dilution to begin with. So the run was mostly for ethanol. But the company only made a penny last qtr and the december qtr is normally its weakest. Besides, it is mostly an operator for the real owners. So, IMO opportunity was created for those that converted debt at $0.63 or so to dump at 100% profit. I was long, sold at $1.45, then quickly thought shorting would pay. After I shorted 7000 at $1.61, I posted here that I would cover it at $1.85. Some Funds took that word for it and sent it up there. I shorted another 7000 at $1.80. And now, I made as much as everyone else. Let's do it again tommorrow!