Base on this trade, Positive reaction to news, increased volume, bottom consolidation late morning. I thought it would possible break open price for a chance to squeeze like AKER and $PSTI did previous days. So when it perked above VWAP I began my position and risking off LOD at 1.40, Exited because I felt with the float size, this ticker may not spike like the other LF. Glad to have exited on the perk up for a scratch.
Bought this BIO company running on COVID-19 treatment prevent virus replication success in trail med P/M. Spiked as high as 1.64, consolidated on VWAP, using it as risk I want to see it break HOD, move risk up to 1.50 when it broke it, look to have lots of pressure so I exited, just to see it break HOD, room for improvement
Entry comments: Starting in size in this FGD COVID-19 play anticipating a breakout above HOD. Risking off VWAP. Held .75 pretty good.
Exit comments: Didn't know when to start adding into position, I had an itch to add when it pull down into the .78 and held, but just chicken on the add. Such small size, just need to build more confidence in the pattern. Anticipation isn't my strong suit. With skin in the game kept my interest to see the b/o workout. Nice like trade.
I saw this OTC recent runner setting in for a nice FGD with position reaction to the news catalyst. Sykes alert came in and made me uncomfortable knowing he can sell any moment and his chatroom will dump shares to follow him, I exited wait for a dip buy opportunity when he sells. no commission fee when trading OTC with Schwab