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The overnight play did not cost me anything didn't want to risk losing anything so I took my base on balls. Even steven. Was hoping for an overnight pop didn't really get it. I guess I could have been more patient and let it play out for the rest of the day since it climbed all the way up .0844. But my position was really small and it wouldn't have made that much of a difference.
Launched Safe-Scan Contactless Infrared Temperature Scanners with Facial Recognition and Mask Compliance Features - COVID-19 Play. I could have gotten out sooner, but Twitter pumped it. CEO mentioned he was releasing a video. The PR gave me the overnight spike I wanted so I got out right at the open the next morning.
Don't like to jump on a stock right at the open but a respected analyst for H.C. Wainwright analyst Raghuram Selvaraju reiterated his buy rating on Sorrento's stock and boosted his target price from $24 to $30. Not to mention it was a Covid-19 play. I could have stayed in longer but wanted to capture my profits and get out.
Overnight play on this one - Deposited some into the knowledge account with this symbol earlier in the day. I watched it all day now it was time to get it back. I felt it was an overnight play Tim reaffirmed that for me in the Tim's Challenge Chat room. Thanks, Tim! Even though you probably won't see this.
The time of day for this play was horrible - It was too close to the "OTC Sell off" that happens in an around 11 AM every day (Mid-Day Dip). This was a great knowledge account investment. I hated to lose this much but if that's what it cost for me to learn my damb lesson so be it. I will reduce my position size, take what I've learned and get back in there.
I thought I was buying at the bounce just kept on going down on top of that I had some issues on executing my trade based
Chasing - No Plan - I'm too much of a newbie to not go in without a plan.
Got in on the Dip (went down to .40) on the way up I got in at .45 per my plan. When I got in was hoping to make about 20% (.09 to .10 per share) but then it got a little choppy the stock dropped down to .43 I got nervous and got out at my first chance. I should have been patient as this stock ended up at .75 HOD. It moved on a slow day with Covid-19 news.
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