|I got shook out on a daily drop back to my opening price. I still made a small profit, but didn't hit 90% of my target.|
We had some strength in the morning and I sold 1/2 my position according to plan. Soon after, it proceeded to tank all the way down to where I bought it, and the other 1/2 got stopped out. I still ended this trade with gains, but without a good game plan I would have lost it all.
Continue reading “Long VSTM Day 11”
I think I am getting a little too complacent. The relative strength today was awful! This was the worst close in a while on a day where the industry made a good comeback from yesterday. Today also puts the weekly in jeopardy. I don’t know how it will get back on track in two days.
Continue reading “Long VSTM Day 10”
Today was a down day, but was a good call because the whole sector was down. Therefore, a down move today isn’t such a surprise as everything was down. What I did like was that the XBI was down about 3.5% and this was down about 3.8%, so the move was in sympathy to the sector and doesn’t say anything negative about this individual stock to make me change my plan. Also, the volume was low on the move.
Continue reading “Long VSTM Day 9”
Once again it ended higher, but things are starting to get strange in the price action and volume. I feel like something definitive will happen soon.
It did get a low volume pullback as expected.
This just keeps showing strength and ended in another up day. I’ve been anticipating a pull back that just hasn’t happened on a closing basis.
Continue reading “Long VSTM Day 6”
Again strength and keeps moving towards the 2.50ish target.
It closed green again and still on track to the 2.50 target.
Continue reading “Long VSTM Day 4”
It showed good strength today. I would have liked to see more volume behind it, but the volume seemed in proportion to the price move, so it was a valid move. Ended with a nice long lower wick as well, a good sign. Continue reading “Long VSTM Day 3”