Bought this multi-day runner on a dip but didn't catch the bottom. Got down to 10.80 before bouncing but had a hard time staying over $11 so just got out. Played it a little to safe on the exit order as it did bounce to about 11.16 before dropping straight down into 10.60s. Very glad to have missed that.
Entry comments: Day. I had just finished an appt in another city & sat in my car looking @ DIT gainers list & decided on 2 stocks to watch for possible play on my phone. This was a PM top % gainer & was watching for a dip buy above VWAP when it suddenly dropped like a knife. I saw it drop more than 18% from it's highs & took a chance on a Panic Dip. I entered w/small size due to not practiced, but does well for me, @5.8, risk 5.57 , low was 5.42, TGT 6.25 which was VWAP.
Exit comments: Exited 1/2 cause I got nervous when it hit resist 5@6.13, then I saw it jump on my sell order so I quickly sold last 5@6.221. Then it jumped to almost HOD @ 7. Cell service was obvious issue caues the stock literally jumped & LVL 2 didn't show that, but super happy I recognized the pattern & got out w/limitations of phone app & service w/a profit!
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