ENTRY: saw this premarket gainer up 53% premarket on news of selling subsidiaries to another company. thought the support what $1.25 EXIT: very undisciplined trading. hit my cut losses of $1.19 FAST and didn't get out, need to follow rules. If it doesn't do exactly what I thought it would GET OUT no holding and hoping.
Short! Was tempted to short near the open as it really couldn't get through 1.40 on the tape, but I wanted to give it chance to see how it behaved. I got in when it bounced a little bit and got out as the range wasn't that great any more. Could have been more patient but still a nice small gain.