Entry comments: Bought on 8/5 on news that product to be sold thru WalMart, subsequently AMZ and Ebay distribution agreements announced
Exit comments: Total loss, management submitted false reports to SEC stock never recovered.
Previous day runner and was looking to sell in to AM movement. It failed at open and had to run with a quick loss. Bad sector choice. Learn from it.
No bounce and held but couldn't get anything out of it. Max profit wouldve been $30, so didn't miss out on much.
Good news for this ticker with big R/R for a run and forming nice intraday chart for possible swizzle or afternoon strong push. Didn't want to touch it going into midday but it offered a great dip to VWAP and below it right above the support level for the day so took it with plan to hold into the afternoon but was so illiquid that just sold it eventually.
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