PTIE - Was up on news. Seemed to hold into the open where it spiked. I thought some support forming and I got in only to see it quickly fail where I cut losses. Main thing is I'm cutting losses quickly. Looking back at the chart I missed a pattern that I recognized last week. Stocks up on catalyst that fade just before the open seem to be a immediate buy at the open (if you get filled) and sell into the spike. But it's fast so you have to react quickly. Will watch catalyst stocks that spike closer into opening.
Posted Mar 22, 17 1:32 AMbyHaukeCapital
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PTIE
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