Shorted the A/H spike but did not wish to hold overnight. I covered for a small profit.
Entry comments: Bought this bio tech, reverse split on a pullback to a key support level. Risking a 10% drop with a goal of 30% bounce from its bottom. Low float, but high risk for dilution.
Exit comments: Took a partial gain at $6.07 this morning, then waited for this to hopefully be a VWAP Hold High of Day Break Pattern. It did finally break the HOD, but got rejected. Sold the rest at $5.99 and moved on. Still no news, so this could pop again once news comes out. Hoping this retraces under $5.00 before news comes out.
Entry comments: Bought this day 1 Reverse split near a key level. Was hoping for a panic below $5 this morning to enter a position. Might still happen tomorrow. But, this is a good level for entry and potential bounce. High risk on this one for dilution. If it spikes, will not be holding it for a day 2 swing.
Exit comments: Took a single on this one; still think it can go lower before the big pop. Will be looking for an entry in the $4.50s. Sold at the top of a downward trendline.
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