Looking for a bounce day off the big drop yesterday but failed as soon as i bought. i did good to exit how i did.
Took a small position as I was a little late on entry was a 2 min trade play it got up just above 20 but started turning got out perfectly it is now .10
News came out PM of a fast track designation from the FDA on a Leukemia drug. Spiked from 5.85 to 9.15 in 5 min. Saw it come back down to 6.50. 10 min arch back to 6.50. Thought it could be a double bottom and rip up, it didn't. Avged down after the open. I thought because it had had sideways movement from 8:30 to 9:30 that shorts would get out, but they held their ground and I got out.
Potentially too far under vwap, most of these are always around the vwap somewhat but when its too far under it could just lose all momentum making it easy to drop. This was more than 10% away from vwap atm, tough to get that momo back. Have to track more of those.
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.
