Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Zogenics, Inc. (NASDAQ: ZGNX). September. Short. + 13.16% On Invested Capital.

|About: Zogenix, Inc. (ZGNX), Includes: SPY
Summary

Investors are very fond of the result.

I propose to calculate the potential profit for September.

The forecast were printed on September 1, 2019.

September 5

Short

Volume position 1000 shares.

Position opening: $ 43.65.

$ 43.65 x 1000 shares = $ 43,650. This is the invested capital.

Stop Loss: $ 44.30.

September 9

On my strategy at the price of $ 41.65, 50% of the position was closed.

$ 43.65 x 1000 shares = $ 43,650

$ 41.65 x 1000 shares = $ 41,650

$ 43,650 - $ 41,650 = $ 2,000. This is 4.58% on invested capital.

We continue to hold the position.

$ 43.65 x 500 shares = $ 21,825

September 10

On my strategy at the price of $ 40.20, 50% of the position was closed.

$ 43.65 x 500 shares = $ 21,825

$ 40.20 x 500 shares = $ 20,100

$ 21,825 - $ 20,100 = $ 1,725. This is 7.9% on invested capital.

We continue to hold the position.

$ 43.65 x 250 shares = $ 10,912

September 17

Closing position September 5

$ 43.65 x 250 shares = $ 10,912

$ 43.35 x 250 shares = $ 10,837

$ 10,912 - $ 10,837 = $ 75. This is 0.68% on invested capital.

Profit for September.

$ 2,000 + $ 1,725 + $ 75 = $ 3,800

4.58% + 7.9% + 0.68% = 13.16%

By the way. The position volume could be increased 5 times. This is for this ticker.