$385 Profit
SPEXLong Stock

Entry comments: Bought this low float on news $SPEX executing second license agreement with RPX Corp, after spiking about 35% premarket.
Exit comments: Spiked HUGE premarket and at market open. It happened so fast I couldn't even keep up (my adjusted risks) with the growing VWAP. I was planning to cut my gains once the price touched back down to VWAP, but the internet cut out. After I got it back, I saw it had receded below VWAP, and was coming back up again. I waited, but after bouncing off VWAP, I sold thinking it was now acting as resistance for the market rather than support.
Broker:ThinkOrSwim
| Date | Price | |
|---|---|---|
| Entry | 5/24/2016 | 2.60 |
| Exit | 5/24/2016 | 3.95 |
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