Entry Comments: Purchased 57 shares of AIRG at 2:01 pm for $8.24. Top Percent Gainer. Low float of 9.77M with 1.32M shares traded. The 60day average is 57K. Need more volume. Exit Comments: Sold 57 shares of AIRG at 2:24 pm for $8.00637.
failed 2-3 day rest pattern, recovered and could have held, but decided to play safe and cut losses, importantly didn't panic sell into oversized dip on no news, contemplated averaging down and it would have been the right move
This stock was a earnings winner which is positive BUT - TERRIBLE LONG TERM CHART. BIG RED DAYS. Spike without prior consolidation. Poor volume. Over-head resistance.
Entry comments: Entry: I know that I should not try to guess ER reaction, but I will try this time with very small position. ER scheduled after hours and there was all day small build up with small volume. Goal is to sell in the morning hours.
Exit comments: Exit: Stock dipped and spiked in the first few minutes, then stayed around 8.80 for an hour. After that all day between 8.20 and 8.30. Sold in last minutes of the day after it got to 8.50 in power hour. Finished week#2 3:0 with 250$ profit. Goal for next week is to try to trade one of the big gainers of the day.
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