I had a brilliant plan. It was working fine. I bought in yesterday at around 1.41, for my second dip on $ARCI. My thought was it's a potential runner, I'm under the PDT, I wanted to see how things hold up on an overnight hold. And you know what? It worked! After-hours and premarket had it primed at 1.68 to start the day. I had the submit order form up, with a sell price of 1.70. Easy 30 cents. EASY. and then we were off and running. I watched it hit, within a minute or two, 1.70, 1.75, and I just couldn't press submit order. Maybe it would hit 1.80? Nope. So when I finally hit 1.70, it was down in the 60s. Surely it can climb back up? Nope. Nope. Nope.
I decided to take my morning walk (about 2 hours). I occasionally checked my phone, but it seems the last few weeks the technology gods have become angry with me (internet was out for a day or so, wifi router is on the fritz, laptop loses connection and then forgets it has a wifi card or something) and now my phone as of last night starts rebooting randomly and also freezes on the lock screen. Reboot after reboot, I managed to get a few trade edits, but basically chased it all the way down. I could've had profits for awhile there, but was too stubborn to take those losses. I got out of this down 2 dollars, lol, but next time I'll know better, from experience.
Also: read the earnings statement more closely. Looks like the revenue/earnings spike was from the sale of part of the company.... Hrm.
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The details of the PR had nothing to do with the price collapse at open.
alk about bad luck. wow. i used to try to get the most i could out of a stock. but when you have a plan. stick too it. never talk your self out of it take profits and move on.
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