I'm estimating a loss of approximately -$12,055.00 due to $BPMX tanked a/h on news of phase 2 results which resulted in a massive sell off. I went out hiking to celebrate a small victory on $FNBC and was shocked to get the alert for $BPMX in my car after my hike. 

 

I was influenced by a press release by the company (3/17), stating they are expecting to release phase 2 results in May 2017. I planned on holding after the actual P2 news release and sell shares asap.   Didn't anticipate bad news.  

 

• BioPharmX Announces It Achieved Primary Endpoint In Phase 2b Trial Of BPX-01, Missed Secondary EndpointHal LindonWed, 03 May 2017 16:35:44 -0400
• BioPharmX Reports Topline Results from BPX-01 Topical Minocycline for Acne: Achieved Statistical Significance for Primary EndpointPaul QuintaroWed, 03 May 2017 16:34:03 -0400

 

$BPMX Buy the hype, sell the news, an expensive lesson. 4/26/17 Entry=0.71  Exit = Will exit 5/4/17 After hours stock priced tanked from high of 0.91 down to 0.46 on 5/3/17 starting at approximately 4:06p.m. E.S.T. as $BPMX release news after hours regarding phase 2 results. 

 

Have you listened to Tim's DVD's? My strategy of hope was the complete opposite of what he teaches!  Another expensive lesson. 

 

Can you name the page long mistakes I've made here?