Entry comments: I have traded XPE a few times now and was waiting for another entry point. I dipped today to 3.5 at which point I still wasn't convinced it wouldn't dip more. However after a late investor presentation for a roadshow in North America this week the stock reacted strongly upwards and I got in 30 seconds before the market closed. Since the stock tends to react strongly to good news I believe this can spike more tomorrow, so we'll see if I'm right tomorrow morning!

Exit comments: Reversal play, bought 200,000 @ 3.8, but could not hold. Averaged down since I still see this as a FA play with strong support @3.5, another 50,000 which brings my average to 3.74c. Exit: biggest loss ever. This hurts but this stock has been sliding even more and with very poor management and a share consolidation announced it was sliding even more. Had to pull off the band aid, should have done that a loooong time ago. Upwards and onwards.

This was a bit of an experiment where I decided to playa reversal patterns and buy in at 4.1c. Straight after the company went into TH and came out dipping to 3.9/3.8c, I decided to hold since it had strong support and was rewarded today. I took the meat of the move, could have made more but can't argue with profits! Since it is moving on no real catalyst I decided to get out and get back in when revenues are communicated to the market. All in all not a bad trade, but it tested my patience.