Tuesday's Stock Earnings (March 3rd)

OREX, INC.

For the second day in a row my stock portfolio performance left an impressive impact on my respectively high capital loses. Orexigen Therapeutics, INC. is a biopharmaceutical company focused on the treatment of obesity. Recently on Tuesday they released testing results that proved the new weight loss pill they have designed works without any liver failure. That morning the stock opened at $5.78 per share, within 10 minutes of releasing the testing results the stock shot up to $9.12. This was the all time high price per share. So I decided to short sell 10,000 shares of the company at $8.55, which totalled a market value of $42,750. I believe this was a risky investment because once a stock reaches its all time high it will either crash or continue to increase at a high rate. My decision paid off because over the last 2 days OREX has dropped back to a current price of $6.85 per share.

DRAM

Another stock that added to my daily returns for March 3rd was DRAM. I decided to short sell 10,000 shares of DRAM at $3.04 per share. I made this decision based off the fact that it was the NASDAQ top percent gainer for the day. Later that day the stock dropped back to $2.89 per share and I decided to buy 10,000 shares to cover. In total I had a capital gain of $1500 after short selling DRAM.