Filters (0 applied)

Caught this on a falling knife, but did not wait for the bottom. Ended up buying in at $1 and had to wait a few days for it to bounce back up. Went ahead and sold for profit on a nice spike. The entry was not the best, but my exit was nearly perfect. Hovered around the $1.20-1.22 mark and since they were planning a conference call the next day, I suspected that selling into the news was inevitable. The next day it dipped and fell below a dollar. A pretty well executed trade over all.

BANJ had a massive spike in volume and price action over a few days, and I presumed something was in the works, even though there was no news. Was trading above the EMA going into that Monday, so I successfully predicted the bounce on Monday. Could have held on for bigger gains but was happy to get out at basically what I paid for it
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.