Monday, April 9, 2018

4/3/2018

$CLLS gapped up during premarket and was getting closer to that $35 level which was the 52-week high. It also has positive news out about the company closing an asset contribution agreement with company Pfizer. On the daily chart, the stock had bounced off that $35 price 3 times before so I waited to see if it would bounce off of it again to look for a short entry. Once it bounce off $35 and  broke below VWAP and lost the 200-MA(dark blue line) I got short at 33.93. Like a dummy, I got greedy and didnt sell when price got to $33. I kept holding and the stock kept grinding up. Sold all my shares at $33.70 for small profit, but in my head I took at loss and I was frustrated since I was up .90c/share at one point. Decided to reset and wait to see what the chart was telling me. Once it broke above VWAP and consolidated above $35 I saw the uptrend and jumped in long at $36.45. I had small size so didnt sell in partials and got rid of all my shares $37.51. 


Wednesday, January 3, 2018

1/3/2018

$RENN: This was on gap up scanner making new 52-week high and they put out a PR announcing acquisition of a tech company with a social platform for the trucking industry. They used a lot of buzzwords in the press release like "artificial intelligence" and "block-chain technology" which is what alot of these companies have been doing lately to get attention from some of this cryptocurrency madness going on. Keeping that mind, I was long biased as long as the stock could break the premarket high of $13.93 so at the open I was using that round $14 as a guide. One it broke above it and held I got long at $14.07 with a stop below 14. It started to feel heavy once it made a new HOD and I took profits at $14.60.