Will keep an eye on this one to see if there is any more news on sales growth that may yield further pops.
Decided to buy ADVT stock because it had great volume and was holding gains (consolidating) well after the morning spike. I set a very tight risk at $0.0450. A few mins after placing the order I saw some resistance at $0.0485 that was building up. I immediately started selling because I knew that momentum was getting ready to shift. I was not able to get my entire order filled at $0.0485 so I had to keep selling as the price got lower.
Being one of my first few trades, I bought at the absolute worst time. Held for a few weeks and the price dropped nearly 50%. Had it on my watchlist and finally it broke through my entry price where I sold for a small loss. Just wanted to get out of this one until a better breakout was confirmed. Glad I sold when I did because the price dropped again after I got out.
OTC Breakout - Sick move over high of day.
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