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Entry comments: Bought this multi-week breakout/Z/TRLA sympathy play that is very cheap compared to that merger's vlauations, on a nice dip 50 cents/share off day highs, very similar to DTLK on Friday, should hold 15 since that's the major breakout so I'm risking 10-15 cents/share, upside of 50 cents or more if it can spike tomorrow morning and retest today's highs, earnings tomorrow after the close, some of the 3 million shorts should be worried given this price action
Exit comments: Got the bullish analyst note & Seeking alpha article overnight but no big morning spike/gap up today and Z/TRLA are down slightly so playing it safe since it's just barely a breakout above 15 and this is a slow moving stock...gotta play safe when things don't go EXACTLY as planned, the news was predictable and dead on, the price action though is disappointing
Bougt MOVE before the close because the stock made a multi-month breakout over $15 and it has reported earnings the next day after the close and because 3 millions shares where short i was expecting a morning spike / short squeeze. Instead of that we got a morning panic and i am very glad i was not agressive and i sold before the big panic so i perfectly cut my loss. If i would held longer i would easily make $300 loss. Most important lesson for me personally - cut your loss quickly.
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