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Breaking news play. So many sub-penny spikers lately. Not my bread and butter so small size and a scalp to test this out.
PDB. This had a similar drop back in November but with little recovery so no surprise we didn't get one this time either. Heavy selling at every turn. Thesis was that this being down so much more from where it came from, maybe we could see a bounce. Speculative but worth a shot with all these sub-penny plays lately.
Mass panic. Took two small losses before nailing the bottom. Happy to only walk away with a small scratch on this otherwise difficult trade.
Entry comments: MM B/O. Took some profits and added along the way into the close. Looking for a gap/spike on Monday into the $0.3s.
Exit comments: Textbook. Could have done better but nice easy trade.
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