$646 Profit
MEETLong Stock
timothysykes
timothysykesOct 07, 15 12:43 PM

Entry comments: Dip bought this earning winner roughly 10 cents/share off its highs, its consolidated well all day, I think it breaks out past 2 sometime today, tomorrow or Friday, not a huge gainer, but low risk given the news/chart breakout

Exit comments: Sold the rest of my $MEET for roughly breakeven, no gap up or morning spike or analyst upgrade or news article, 2 more volatile plays WGBS and VVUS are both failing their morning spike attempts now too, no current positions, I won't buy/hold onto failed spike attempts, they'll have to impress me later on

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Broker:ETrade
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Position Updates

  • Oct 07, 15 12:43 PM: Bought 14000 at 1.87 - Dip bought this earning winner roughly 10 cents/share off its highs, its consolidated well all day, I think it breaks out past 2 sometime today, tomorrow or Friday, not a huge gainer, but low risk given the news/chart breakout
  • Oct 07, 15 2:23 PM: Added 6000 at 1.88 - Added to my position on this dip, I think it retests afternoon high of 1.95 with a shot at 2 today or tomorrow
  • Oct 07, 15 3:12 PM: Sold 15000 at 1.91 - Taking partial profits on its failure to breakout past 1.95 afternoon highs so far today, still gonna hold some overnight for probable analyst upgrade or article overnight which would likely take it over 2 tomorrow, but keeping position small just in case given weak/boring price action...I know how frustrating scratches are, but that's the majority of my trades right now given this tough overall market, trade safe & small
  • Oct 08, 15 9:33 AM: Sold 5000 at 1.86 - Sold the rest of my $MEET for roughly breakeven, no gap up or morning spike or analyst upgrade or news article, 2 more volatile plays WGBS and VVUS are both failing their morning spike attempts now too, no current positions, I won't buy/hold onto failed spike attempts, they'll have to impress me later on

Related Posts

DatePrice
Entry10/7/20151.873
Exit10/8/20151.9075
  • Total Views1,202
  • Position Size20,000
  • Percentage1.84%
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zGermanShark
zGermanSharkOct 09, 15 5:27 PM

I noticed MEET came out with more news recently today about 1603. "Change in Directors or Principal Officers" http://biz.yahoo.com/e/151009/meet8-k.html Receiving such news when there is change. Is this a potential for the stock price to drop on Monday? Or at open, it has the chance to go up near $02.00... and drop?

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