$VVUS Dropped to 1.90. Im out for a loss but i feel great about the trade. VVUS has probably been the cleanest trade I've done in a long time. Follow rules.

$VVUS is holding the 1.90-2.00 range. Not a lot of volume. Holding my hypothesis of a breakout only after its proven stability. This may be the stability range for the next series of multi-day upticks. If it can hold the range and uptick to above 2 i will probably hold. If it cannot hold and ticks down to the close i will probably cut losses or decrease my risk.

$VVUS held the 1.90-2.00 range with minor uptick back to 2 as the day progressed. Hypothesis is that it is a day 3-4 gainer off icahns news. Initial news was priced in and people are giving it a day or two to see if it'll hold gains. Watching the open on monday or tuesday closely for loss cutting or profit taking.

$VVUS -Watching premarket like a hawk. News of Icahns offer being accepted is released. Thinking I have five minutes before people pick it up also. Edit my orders to 1K at 1.98 an 2K at 2.08. Both orders get filled 5 minutes later. Im happy and can focus on other things. It uptrended to 2.25 then down trended all day. I bought 2.5K shares at 2.00 as a support level. I will be prepared to cut losses in the morning or take profit. Set overnight order for 2.48. Im thinking billionaire plays increase on day two or three on news when the average investor has time to place their order. If im not at a loss and it is holding above my buy I will hold. Especially as it is a Friday tomorrow. My stop loss is 1.90.