-$216 Loss
PFNILong Stock

Entry comments: Possibly a HORRIBLE buy-in point, but MMs showed big support at $0.575, asks backing up, solid uptrend. Exit comments: Put in my sell-order for $0.60 when this was at $0.607. Pathetic execution from Scottrade, took over 5 minutes and cost me $0.05 per share in the process. At least I got out before the HUGE collapse to $0.10. Main lesson learned: in volatile markets, put in aggressive sell orders so you don't have to chase a runaway bid.
Broker:Scottrade
| Date | Price | |
|---|---|---|
| Entry | 12/13/2012 | 0.5787 |
| Exit | 12/14/2012 | 0.5507 |
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- Position Size6,000
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