PocketPAT

With full size (9k shares), OBLN would have yielded a $4500 profit from 0.85 to 1.35 just now. I think that after OTLK and OBLN, I'll be paying close attention to these big % gainers that get locked into consolidation. It seems that the likelihood of them squeezing reckless shorts at that point is pretty high, at least for now.

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PocketPAT

I think that OBLN dips after the halt and bounces at 1.00 so a great sell point.... --- Ok..... I was wrong.. It's squeezing further.... I'd be trying to get out if I had a position. It can drop just as fast as it's running. I'm sure it'll be halted again any second...

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PocketPAT

You know what's funny? Watching OBLN squeeze shorts just now, I'm thinking about how 20 minutes ago I was having flashbacks of OTLK on Monday. It just got halted. Remember? OTLK was locked in hard consolidation and out of nowhere, the kettle exploded into a huge squeeze. Same thing happened here. I'd said that if it retested the 0.85 support, I'd get in; because it was obviously not dipping down to my ideal level, but I was busy playing with my cat and missed the slight dip for the good entry. I'm perfectly content just watching it play out though, to grow my knowledge account. Let's see what happens after the halt is released.

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PocketPAT

I may have missed the boat on SESN. It was down at support when the market opened and I never feel comfortable entering plays that open at my ideal support level. I don't trust these stocks and I'm used to them dipping at the open to levels down below. I'd rather miss a play than risk taking a loss from a dip through support. Should the same be true for OBLN, I won't regret it; since OBLN had no clear support levels. The afterhours/premarket levels were choppy, which is to be expected due to lack of liquidity during those timeframes. I will only enter at levels that give me the best chance at gaining profits and most importantly avoiding losses.

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PocketPAT

Really not a fan of OBLN's slow-moving choppiness.. It only makes me more confident that I should hold for clearer ideal entries. Great for avoiding FOMO though.

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PocketPAT

All watchers are very choppy this morning, aside from OBLN. Narrowed my list to OBLN and SESN. Looking for MDRs on both. The only support levels I really have to go on for OBLN are those established in afterhours/premarket today. It's currently bouncing just above a nicely consolidated second level at 0.80, but I'm holding firm in that it may dip down to actually TOUCH 0.80. --- 10:13AM: With as much trouble as it's having though, I may just skip this one altogether this morning. It seems like these tickers that have trouble lose market confidence super fast and can easily break through hard support levels like butter.

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PocketPAT

I think I'll start calling 2DRs MDRs instead (Multi-Dip Recurls). It makes much more sense perspective wise. Often, it takes about 2-3 dips before it recurls. Sometimes it's two dips, sometimes it's four; but the point is that it's multiple.

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PocketPAT

Only slept three hours last night and had to go to the dentist today =( so I couldn't be present in the market, but I see that OTLK made another .40 cent run today. Really choppy overall, but that's to be expected as it's been due for a pullback. It actually ran .40 cents TWICE. BIOC completely tanked, but that's also to be expected because it never holds it's highs like I said the other day. Long-term history has proven to be key for me when building trading strategies. Technically it only pulled back 50%, which means that it could be setting up a #2 pattern for consolidation and then a breakout; but with the terrible long-term history, I wouldn't look forward to it.

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PocketPAT

Depending on how OTLK performs afterhours and premarket, I'd be looking for a solid 2DR entry tomorrow morning at 2.90 (consolidated support).

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PocketPAT

In other news, OTLK tanked after the late-day short squeeze and regained it's composure to practically reclaim the squeeze highs. Amazing. All-in-all today, I've seen about $5k worth of potential profits on the table (with full-size).

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