
Entry comments: Wednesday: This stock is up 145% on commercial news. OK, might be great product, but up 145% in a day. Up from 2.43 to 6. Going into close it could not keep HOD, and started to breakdown. Looks like H&S pattern could be forming at around 5.70. I think it'll decline tomorrow, to maybe 5.50 or lower. I don't think it wil go higher, even if there's a morning spike. News is just too thin, and it's gone up too much in 1 day.
Exit comments: Thu: Well ... it was looking good pre-market. It had spiked and was downtrending. At market open it continued to downtrend, quite rapidly. I was watching level 2 on my iPhone and saw at one point is was down to 5.30 (below my goal of 5.50). At the time I was hosting a teleconference, so not able to PAY FULL ATTENTION so I did not take profit. I was hoping it would continue. It bounced and I got out PAINFULLY at 6.20. LESSON LEARNED - DO NOT TRADE WHEN HOSTING TELECONFERENCE CALL.
| Date | Price | |
|---|---|---|
| Entry | 2/18/2015 | 5.88 |
| Exit | 2/19/2015 | 6.20 |
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