Excellent trade. The stock popped near 30% in the PM. It had neg earnings and cash flow. Shorted the stock once it went below VWAP and covered near price target of 200SMA on 5 min. time frame
AGAIN SOLD TO SOON AT THE BOTTOM. GOT THE BOUNCE I WANTED JUOT TO STICK WITH IT.
This was a good dip buying opportunity on a stock that gapped up with Monkeypox news, however it was premarket and the futures were down 1% +. The Monkeypox stocks have been running lately especially premarket so it was worth a shot. There was a bounce to the mid 3's so I wasn't entirely wrong, but yesterdays market sentiment did not help any momentum in these big percent gainers. This was a really well risked trade - My primary focus was making sure that if this fails I will stop myself out.
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