Bought PRTO on good FDA news of receiving a breakthrough designation. They also reported a 1Q loss an hour later, so that trumped the breakthrough designation news obviously, and I wouldn’t have bought it except it was trending so high on the social media news. I broke my rule about waiting to see what the first candle does and went ahead and set my limit at $1.90 or better and it got filled at $1.85. It slid down from there and hit resistance at $1.80. Cut losses at $1.77.
Broker:ETrade
| Date | Price | |
|---|---|---|
| Entry | 5/10/2017 | 1.85 |
| Exit | 5/10/2017 | 1.7788 |
- Total Views174
- Position Size1,000
- Percentage-3.85%
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