timothysykes

Entry comments: Bought small speculative position on this multi-week breakout on heavier than normal volume, something's up, big buy blocks, risk of losing 5-10 cents/share, upside of 50 cent/share if they announce contract/earnings more breakout, this is very speculative since I'm guessing, probly just a boredom trade but not much risk given the price so I'll take it

Exit comments: Got the Seeking Alpha article, but no follow through so I'm out for roughly breakeven, MITK faded 40 cents from my sell so when a stock doesn't do what you want, get out, play safe!

430

Position Updates

  • Jan 29, 15 8:57 AM: Bought 6000 at 2.92 - Bought small speculative position on this multi-week breakout on heavier than normal volume, something's up, big buy blocks, risk of losing 5-10 cents/share, upside of 50 cent/share if they announce contract/earnings more breakout, this is very speculative since I'm guessing, probly just a boredom trade but not much risk given the price so I'll take it
  • Jan 29, 15 11:36 AM: Added 7500 at 2.87 - Added to my position now as I'm hearing rumors of Seeking Alpha article coming, would explain the early strength/volume breakout, adding to position on this mid-day dip, not much risk if the rumor is wrong given the stock is only up 7 cents on the day LOL
  • Jan 29, 15 2:42 PM: Added 4500 at 2.90 - Adding to my position based on chart/volume breakout, if rumors of Seeking Alpha story are true, this can spike 50 cents tomorrow, if not I'll lose 10-15 cents/share, small position due to risk, but I have a plan so we'll see if it's a good play tomorrow or not
  • Jan 30, 15 8:46 AM: Sold 18000 at 2.91 - Got the Seeking Alpha article, but no follow through so I'm out for roughly breakeven, MITK faded 40 cents from my sell so when a stock doesn't do what you want, get out, play safe!
DatePrice
Entry1/29/20152.8942
Exit1/30/20152.91
  • Total Views827
  • Position Size18,000
  • Percentage0.55%
Copy and paste the following into your page or blog. If using WordPress, you must paste this in the HTML tab only:
Join now or log in to leave a comment