
Entry comments: Blessed to have gotten borrows on this blatant mailer pump. (Filled premarket using GTC order) Small initial position as this can still squeeze, but gotta risk some pain. Rode it to 4.54 high, and almost got bought-in before beautiful mid-morning panic. Should have covered into the 50% drop, but thought "This is a pump. I can hold short forever." Michael even said in his webinar that the stock was unlikely to go lower the next day, due to the magnitude of the drop.
Exit comments: Spent the next few days/weeks holding and waiting as it bounced back to 3.50s and consolidated. Had another chance to cover into panic & fade to 2.60 double bottom, but held stubborn. I eventually got bought-in as it grinded back from the lows. First experiences with pumps with valuable lessons: When you get a big move with large profit, take it and move on! Getting bought in isn't fun. Made $800 when I could have made $1500.
| Date | Price | |
|---|---|---|
| Entry | 6/5/2015 | 3.90 |
| Exit | 6/19/2015 | 3.10 |
- Total Views251
- Position Size1,000
- Percentage20.51%
