
Entry comments: I have traded XPE a few times now and was waiting for another entry point. I dipped today to 3.5 at which point I still wasn't convinced it wouldn't dip more. However after a late investor presentation for a roadshow in North America this week the stock reacted strongly upwards and I got in 30 seconds before the market closed. Since the stock tends to react strongly to good news I believe this can spike more tomorrow, so we'll see if I'm right tomorrow morning!
Exit comments: Reversal play, bought 200,000 @ 3.8, but could not hold. Averaged down since I still see this as a FA play with strong support @3.5, another 50,000 which brings my average to 3.74c. Exit: biggest loss ever. This hurts but this stock has been sliding even more and with very poor management and a share consolidation announced it was sliding even more. Had to pull off the band aid, should have done that a loooong time ago. Upwards and onwards.
| Date | Price | |
|---|---|---|
| Entry | 10/31/2016 | 0.0374 |
| Exit | 4/26/2017 | 0.018 |
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- Position Size250,000
- Percentage-51.87%