Surprised you didn't sell at 9.65...maybe it wasn't that easy

Entry comments: I took a small position in this beaten down IPO that just yesterday announced an acquisition of a Netflix-like service called PopcornFlix that has 15 million users http://tim.ly/2ycp8tj it spiked a little in reaction, but mainstream media didn't pick up the news, similar setup as HMNY which took a position in MoviePass.com and the stock went from the $3s tot he $30s over a few weeks. I don't think this is as revolutionary, but my goal is to sell in double digits in the next few weeks here
Exit comments: I sold my position for profits of $3,000+ as it's up on no news and light volume, just hype about management's presentation at an upcoming conference and if there's one thing I've learned the past few weeks on this stock it's that they're not great at PR so I'm locking in safe gains and will only re-buy on a big dip, news or bigger volume breakout
Position Updates
- Nov 07, 17 8:42 AM: Bought 2000 at 8.65 - I took a small position in this beaten down IPO that just yesterday announced an acquisition of a Netflix-like service called PopcornFlix that has 15 million users http://tim.ly/2ycp8tj it spiked a little in reaction, but mainstream media didn't pick up the news, similar setup as HMNY which took a position in MoviePass.com and the stock went from the $3s tot he $30s over a few weeks. I don't think this is as revolutionary, but my goal is to sell in double digits in the next few weeks here
- Nov 09, 17 10:45 AM: Added 2000 at 8.34 - I added to my position on the dip here as the overall market is dropping so a lot of recent runners are getting hit hard, this being one of them...I'll do a video lesson on this play over the weekend, I think it has great potential once people realize their new acquisition could be big
- Dec 07, 17 2:47 PM: Added 2000 at 8.10 - I added to this position on the multi-day dip, still think it can spike in any one day with the right news so I'll average down a bit more and have patience
- Dec 11, 17 10:53 AM: Sold 6000 at 8.83 - I sold my position for profits of $3,000+ as it's up on no news and light volume, just hype about management's presentation at an upcoming conference and if there's one thing I've learned the past few weeks on this stock it's that they're not great at PR so I'm locking in safe gains and will only re-buy on a big dip, news or bigger volume breakout
| Date | Price | |
|---|---|---|
| Entry | 11/7/2017 | 8.3633 |
| Exit | 12/11/2017 | 8.93 |
- Total Views1,600
- Position Size6,000
- Percentage6.78%