Isn't that already overextended?
Entry comments: This former Supernova is up big after-hours on earnings, same setup as TOPS last Friday and after-hours buyers were rewarded with a big gap up/morning spike so while I might be chasing here, the potential reward of 50-75 cents/share of upside from here makes it worthwhile as it's held the high 3s all after-hours session long...I'm also flying Monday so I don't even know if I'll be there at the market open, but screw it, in this hot market I'll be aggressive, SMALL POSITION though
Exit comments: Sold into solid morning spike on good reaction to earnings, congrats to all longs, pretty crazy...maybe it goes more, but it hit my goal and more so I take safe profits even while traveling
Date | Price | |
---|---|---|
Entry | 8/5/2016 | 4.00 |
Exit | 8/8/2016 | 4.99 |
- Total Views3,502
- Position Size2,000
- Percentage24.75%
@protouchrehab it's possible and always scary to buy a stock up so much but earnings + small position + multi-year breakout + this crazy market mean I take the risk
@timothysykes hope it's an saex or spu for you.
Wow, monster gap up
I had a limit buy set at 3.51, but removed it because I had doubts. Now feeling remorse. Ahh
Nice one
Good play