I am still bag holding 342 shares of OTLK that I bought on Tuesday at 2.92 and also FNMA with 259 shares at 3.12 average. I did not want to lose my day trades due to PDT rule and got stuck holding these. I am hoping they will recover today so I can sell. Hold and hope:(
I Bought OBLN at 1.65 with 606 shares as it was holding VWAP I sold at 1.76 for a small gain.
As I was listening to the live webinar with Crook he bought ONVO at .83 I had my eye on it and decided to take a stab at .80 it started to fail so he took a $600 loss and I sold mine at .79 for a small loss.
The crazy big movers today were SOLY and ELTK. I traded ELTK, bought in at 8.61 and sold at 10.42! that was an exciting trade for me!! made around $200
I rebought ELTK later in the day averaging in at around 9.50 and ended up selling and taking a small loss when I sold at 8.96 as it was failing. This stock was so dang volitile today with LOTS of volume traded. I throw out a limit order to buy at 7.01 if it failed to that support level and it did. I got filled with 140 shares! I was surprized that it got filled but now was worried about my PDT! I called Etrade and learned the the rule applies to 5 ROLLING days! I thought it was 5 business days starting at the beginning of the week, i was WRONG! So I have to call them this morning and beg for mercy so my account is not restricted for 90 days.
ELTK is up premarket this morning, i put in a limit order to sell at 9.30 but it is not executing? not sure why? maybe Etrade does not trade PM?
Couple things to point out. OTLK you're playing with fire, you bought at the top and it broke 2.50 support back to 2.16. Next support incoming 1.75. Be cautious volume is also dead.
@Tunde1306 Yes I know, I will most likely get burned on this trade. Thanks for your insight!
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