Turbobob

bought on the move R/G. Sold 800 at $6.25, $800 at $6.35 and balance at $6.36

9
631

DatePrice
Entry3/10/20176.02
Exit3/10/20176.33
  • Total Views553
  • Position Size3,500
  • Percentage5.15%
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NickE
NickEMar 10, 17 3:11 PM

Awesome, Bob!

Turbobob
TurbobobMar 10, 17 3:13 PM

Thanks. Patience pays off.

alealvarez
alealvarezMar 10, 17 8:40 PM

Nice Bob, I could see that this stock has 89M float and news today morning. My question is, why do you decide to enter at $6.02? Thanks

Turbobob
TurbobobMar 11, 17 9:06 AM

I bought the stock on a move from red to green on the day. 23% of the float was short so I figured they would start to cover if the trade turned positive.

Cha_Ching
Cha_ChingMar 13, 17 10:47 PM

what would be your exit point if it didn't work out the way you wanted?

Cha_Ching
Cha_ChingMar 13, 17 10:49 PM

@Turbobob good thought process on the red to green move. I will keep that in mind on the next play since I think shorts will start to cover when it gets over that resistance level.

Turbobob
TurbobobMar 14, 17 1:40 AM

On a trade like this I would have between a $.05 and $.10 risk.

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