Definite red flags on this one, and traded it cautiously since it dumped yesterday. I thought this would do like AGBA, so I had it on watch. Wasn't feeling the price action and the spreads never really tightened on this one. For that reason, "Im Out"..
Trading while at work is always a bad idea. :(
Spec buy as this seemed to have decent news, but didn't meet one of my other main criteria. Tried anyway, and kept the loss tight.
Entry comments: 3/12/24 Bought in again at $1.80. & PA dropped to $1.60 soon after...looks like this will be a swing trade TP@$2.20 3/12/24 Sold 100 ASLN @ $1.68 SL triggered, lesson brackets too tight...Loss is $9 or 5% 3/12/24 Bought 100 ASLN @ $1.77, Set Brackets (H) $2.10,(L)$1.68. 3/12/24 Piper Sandler Maintains Overweight on ASLAN Pharma, Maintains $15 Price Target
Exit comments: 4/2/24 Sold all 200 ASLN @ $.5406...Loss of $146 ouch! 3/18/24 Bought another 100 ASLN @ $.67..CB @ $1.28
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