Gap up on light vol on investment news. I was going to play the short $4.50 after the open area, looking for a dump back to $4. It happened in literally 2 minutes, couldn't hit the trade since it dumped so hard. Passed on playing the bounce since I wanted to short the failed bounce. Gave it time, watched it build up weakness, tons of resistance $4.38+ so I was risking off $4.40. Covered when it didn't breakdown. Just didn't go my way, not holding overnight. $5.50 - $10.18 comm = $4.68 loss