News came out on Wednesday about screening approved at clinics in Ontario, then Friday it was dubbed one of the NEXT SUPER STOCKS. Being a 'penny stock' I thought news would get out over the weekend for a bit of a spike at opening. At the opening it hovered around .94-.95. I took 1500 shares in profit, then again at 1.02 for an average price of .978.
Stock wasn't doing what I wanted. Resistance was around $1, potential was up to $1.34 (previous high of day before). Glad I sold, as it went down to the .70s. Stock had a previous run up into the 2s, so I was looking for a bounce, but was wrong. Could have sold sooner, but was trying to use my patience as I've been selling right at the bottom before it bounces up again and that has been frustrating.
Entry comments: first stock on my own without alerts - news broke in the early morning, the stock was up 30% the previous day. The news had legs, stock was up and in a hot sector (covid-19)
Exit comments: didn't make anything on the trade, probably lost with commissions - still learning but not giving up
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
