-$338 Loss
GNCALong Stock
Entry comments: This little biotech is holding near its day highs as the news is picking up on its Herpes treatment http://tim.ly/28VfOQY and the stock has up trended slightly up 20% today already...just the first big green day so the chart has room to run, no real resistance until the lo 5s, but this isn't a volatile stock so I keep a small position, goal is to make 30-50 cents/share
Exit comments: Poor decision by me not to take some profits in the 4.80s yesterday then I got blindsided by this Brexit, as did pretty much everyone else, I was going to wait until the market open, but there's a big 10k bidder at 4.45 right now so I'm playing it safe and cutting losses fast...be VERY careful trading in the market today, stock markets all over the world are getting wrecked, aim small, miss small and remember to cut losses quickly when wrong, don't let small mistakes turn into big disasters!
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Position Updates
- Jun 23, 16 2:45 PM: Bought 2000 at 4.49 - This little biotech is holding near its day highs as the news is picking up on its Herpes treatment http://tim.ly/28VfOQY and the stock has up trended slightly up 20% today already...just the first big green day so the chart has room to run, no real resistance until the lo 5s, but this isn't a volatile stock so I keep a small position, goal is to make 30-50 cents/share
- Jun 23, 16 3:39 PM: Added 1000 at 4.68 - Adding to my position since this is finishing strong above the morning and mid-afternoon spike highs in the 4.50s, my goal is still 5 or greater tomorrow as this Herpes news should keep spreading overnight, they have enough cash for another year and there are 5 million shares short,s one of whom will be panicking when they see today's spike/news
- Jun 24, 16 7:38 AM: Sold 3000 at 4.45 - Poor decision by me not to take some profits in the 4.80s yesterday then I got blindsided by this Brexit, as did pretty much everyone else, I was going to wait until the market open, but there's a big 10k bidder at 4.45 right now so I'm playing it safe and cutting losses fast...be VERY careful trading in the market today, stock markets all over the world are getting wrecked, aim small, miss small and remember to cut losses quickly when wrong, don't let small mistakes turn into big disasters!
| Date | Price | |
|---|---|---|
| Entry | 6/23/2016 | 4.5533 |
| Exit | 6/24/2016 | 4.45 |
- Total Views1,342
- Position Size3,000
- Percentage-2.27%
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1
ClementFGJun 23, 16 3:44 PM
I'm with you on this one Tim. Came in at 4.62 as my second trade. Bought INVT at 1.57 which was my first trade. So excited to begin this journey. Thank you for all your efforts. I'm much obliged!
SyedJun 23, 16 4:52 PM
@timothysykes i hope it spikes too in the morning m long at 4.68
protouchrehabJun 23, 16 5:21 PM
There's a double top around 5.
ImakegainsJun 23, 16 10:24 PM
I got in around 4.6. If it doesn't move in the morning I'm going to cut losses quickly. I was sold on your reasoning behind this one
