
Plan: Agreement to sell medication gabapentin for $127M. Buy on dip to VWAP, hold to 1.24. If b/o hold to 1.50 and sell. If fails, get out at 1.12 or new support levels. Analysis: Made nhod, bought in on dip. Held briefly, quick dip to my mental stop at 1.18 and sold. Quick thought of still holding but decided to just take small loss and try again another day. Rather have plenty of small losses and big profits when they come. Felt a lot more confident in this setup after a good plan.
Newsletters:TimAlerts
Broker:TDAmeritrade
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| Date | Price | |
|---|---|---|
| Entry | 12/12/2019 | 1.2289 |
| Exit | 12/12/2019 | 1.185 |
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