ridiculous - mulitple shorts knowingly that it will go higher. just wait and remember the lessons from sykes. terrible terrible
took multiple shorts here. first try had to add and sold close to the bottom next one got right at the highs and sold slightly early. But it went and made new highs later on. So good sells but still no volume.
Truthfully this was an attempt to piggyback off Tims knowledge and insight after it climbed over .20 in afterhours the gap down on open and all day was just not comfortable for me. cut losses and watch. next day would have been an ideal sell. however, i didn't want to watch it keep running against me. Good insight and knowledge gain from Tim and the chart. next time I'll play it different.
Weekend trade, Sold off Monday after sharp drop at open
Entry comments: I'm buying 1k ERAS here at 6.63 as this biotech is rumored to be bought out, read https://tim.ly/49fTKya and many buyouts happen on Monday so that would be a home run to the $7s, 8s or even $9s, but that's not highly likely to happen, the good news is they're also presenting at a conference on Tuesday so they should hype themselves up nicely there and run into that presentation. The goal is to sell in the $7s or $8s, cut losses if it can't hold this level so risk of losing 50 cents
Exit comments: I'm selling here for small profits as even though the company announced solid data premarket https://tim.ly/4jAQSzp its dropping due to it being a sympathy play to RVMD which is also lower to start today after a big runup last week as there's no new news regarding that company's potential buyout from Merck. See my weekend video lesson for more on my take here, but I'm playing it safe just in case and taking the single
Bought this stock strictly due to SSS report by T.S. Expecting a jump on Monday/Tuesday. I looked at the stock on Monday and quickly changed my mind. T.S. got in quicker than me and was able to sell at a profit. I sold at a loss, could have gotten a gain, but this one just didn't feel good. Decided to cut losses. Stock went up to 6.80 before dropping to the 6.10's. Whew!
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