Spiking into the open so jumped in. Tanked right after that and then consolidated, but on a slightly downward trend. Set my limit for a small gain, which I got, but right before it took off again. So choppy, though, so less stress to just get out. Would have liked a little better profit, but happy with win.
Price action strong into the close so thought to hold overnight. Down post market so got a little worried. Up a lot premarket, but then came down a lot. Decided not to wait for the open and to take my profit, although should have waited for a few more minutes. Glad I did because it tanked at the open.
Entry comments: Bought on news of merger with another pharmaceutical company, on the dip after morning shake out. Chased it a little, which proved a mistake, but we'll see high much of a bounce it can get.
Exit comments: Only got partially executed on my sell, which would have made me a few cents a share, but then the bottom dropped out and the stock went down and couldn't get out. Had to hold overnight to reenter sell order....disaster. At least it was a small position.
Bought on earnings win, good volume and history of runups. Let it shake out at the open and bought the dip. Chased a bit, and then only got partially executed....bummer. The bounce wasn't as good as I was hoping so got out with small gain. Sympathy play with ACB would have been better.
Entry comments: Bought near close on news that Jefferies upgraded the stock from hold to buy, which caused a lot of volume and surge toward the end of the day. Looking for 5-10% gain over the weekend.
Exit comments: Did not gap up like I wanted, in fact drifted down after reaching 3.33 post-market on Friday, so got out with basically a scratch. If I would have held through the opening shake out I could have made some money, but glad for small profit.