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Here is what is currently happening.
Entry comments: Reduced my size from 400 shares to 50 shares. I am trying to avoid not being able to find shares, but if it makes another colossal move overnight or tomorrow morning, I will get out completely.
Exit comments: Down to 50 shares. Will see what it does in the morning.
Entry comments: Added again...
Exit comments: Cutting more losses.
Entry comments: Added to my position.
Exit comments: Cutting losses.
Entry comments: Shorted midday. It appeared to be the first red day when I shorted.
Exit comments: Bad idea.
Red to green on the day and fought this thing all day. Kept setting new highs, with higher lows, but just could not stay at the highs. Was going to stay with it through the close but that would of meant hoping instead of following the plan... I wanted at least 10 cents only got about 5 cents though. Oh well glad to be outta this one ha.
After my hit I continued to watch Intelsat. There appeared to be good volume heading up and I bought. The rest of the day it consolidated & dropped to give me just over a 1% loss. Since it appeared to be holding this level I didn't get out. Patience paid on this play as I went all the way to 9.50. I got out right after a spoke to 9.53. Took my gains and walked away. Glad to be positive for the week so far.
