I shorted this OTC runner as it looked to be having late day fading price action. I decided to take a half positon short overnight. The next morning, borrows ran out so I couldn’t add on the first move red. The stock panicked nicely and I covered for a decent gain with the size i had.
Entry: B 565 @ 10:12am Exit: S 565 @ 10:25am Comments: Entered this OTC on 2nd G/D up from $0.12 . Decided to swing for a few days as owner had bought over 1 million shares @ $0.30 . Missed HOD, $0.29 and sold as $CCTC began to fade. Very Good Trade #BeHumble #Novice #Plan
Saw this company on a green day catching it's trend support after having consecutive red days. Saw the opportunity to capitalize on it's history of spiking sveral days after touching it's trend support. This stock got boring and i sold early to cover my butt. I didn't see it moving any more.
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