Bought the consolidation well under vwap without any real basing action, after a big spike on news that PRVB cancelled their registered offering. Should have waited and let the chart form, this was not a great candidate. Consolidation plays should be first green day at or above vwap. Got out when it breached my risk level.
first time I went large and I was typing my sell order in ready to take my $1.00 a share profits for $1,000 gain, and then the news of an Offering came and I couldn't type fast enough.....lost over $1.25 a share... largest loss to date, but I was on the right track and I just need to be more diligent with learning SEC Filings