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Entry comments: 2 days in a row for gap ups after end of day gap downs. good news. low of day 13.09 wanted to wait for a closer entry but showing upwards momentum. risking 25 cents off low of day, potential HOD 13.93 60 cents 1/3 risk reward. this will be an over night hold. in the AM will take whatever the market gives me hoping to continue uptrend through day end to protect risk even more. shorts will be covering EOD or early morning.
Attempted to short this into 6.50 resistance as it had bounced off of it a couple of times and I didnt think the news was that strong. I ignored the fact that each time it bounced it had higher lows. I was hoping for it to breakout then quickly snap back past 6.50 and start falling, but once it hit 6.60 it was looking very strong. A few losses in a row now, time to get back into some hard study
Stock broke $1.50 recent level and closed strong yest. Today it gapped up >1.5mil pre-m and had a morn spike! Waited for the dip and consolidation before re-entry but risk was too tight, shaken out right at the risk level to see the stock uptrending towards the goal of retesting morning highs...grr.. (Classic ABCD Pattern)
Entry comments: Former runner spiking on news with Amazon https://tim.ly/2Huh1zi goal is to make quick 10-20%
Exit comments: Whewwww, this one moves fast so I'm not chancing, taking my single as it didnt spike as much as I thought it would, always good to remember former runners that are spiking on big volume and a seemingly solid catalyst like this one
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