-$67 Loss
PTXLong Stock
xcrofts

Entry comments: Bought $PTX on news of "three new orange book patents". It didn't sound like very worthy news to me, but the market has already traded over 1.5M shares premarket and sentiment seems very positive overall.

Exit comments: Should have went with my gut instead of my heart and just not traded this. There was a big wall of sellers in the low $0.70s and price approached VWAP with just a couple minutes to market open. I asked out loud "If I didn't have a position right now, would I be buying, selling, or doing nothing?" I decided the latter, so I planned to reduce my position size but by this time price was close enough to VWAP that I decided to sell all of it. I'm glad too, because as I write (9:37), price is $0.56

000

DatePrice
Entry5/25/20160.72
Exit5/25/20160.6532
  • Total Views204
  • Position Size1,000
  • Percentage-9.28%
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