Bought end of day thinking it would bounce over night due to predicted to do reverse stock split of 1:30. But I was wrong. Didn't happen and stock just never recovered. Spent too much time "hoping" before cutting loss. Cut too late but sooner than I have in the past. Hard lesson but could have been worse if I had kept hoping. Still learning and also learning these really low price stocks are very risky that comes with being possibly very rewarding. A penny can be a killing (win or loss.)
Red, Small size. this was a one good trade.
Entry comments: Dip bought this bottom bouncer after running in pre-market. Has some news of going to reverse split and change the ticker name. risk is to sell the pre-market key support level of 0.1560, and the goal is to sell near VWAP in the mid 0.18s.
Exit comments: Sold due to breaking support level. #1 cut losses quickly.
a nice little scalp for the win column
Thought I had a runner but slowed down right after I purchased. Gut feeling was to get out and glad I did with tiny profit. I can buy carton of eggs now :)
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