DFC Disaster Winner

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Before the market opens each weekday, the first thing I do is a “disaster check” – that is, I see if any of my short positions are suffering big double-digit percentage gains due to an earnings blowout, a takeover, or what-have-you. These are pretty rare, but on occasion the opposite happens too: I get a disaster delight, like DLLR this morning. I came into the day short, having opened the position due to a terrific gap-fill, and it’s down 25% today. I covered and chalked up another victory to gap-fill trades.

0823-DLLR