Trade: #15 Date: 10/03/2017
Ticker: ETRM
Catalyst: The company, EnteroMedics had acquired/merged with another privately owned company with an FDA approved product to treat obesity.
Entry/Exit: In terms of execution everything that could have gone wrong, did go wrong. I fat finger mistake double my initial entry. When I first submitted order I had some pop up, didn't both to read it cause I was trying to lock in my position. Unknowingly it did go through but I wasn't aware so I bought in twice on average of 2.15 looking for it to test the opening highs. Looking back it had a bit of double bottom in p/m which acted as heavy resistance - makes sense why it didn't pop through it, needed a lot more volume. Once it started going sideways and fading I exited what I thought my entire position was LOL. Shortly after I realized I was still long the stock I used a mental stop of the $2. It had a little pull back and again failed bouncing so I cut losses.
Profit/Loss: -.09 per share.
Trade: #16
Date: 10/04/2017
Ticker: RGSE
Catalyst: Big news on RGSE they entered into an exclusive domestic and international license agreement with TheDow Chemical Company for the POWERHOUSEâ„¢ solar shingles system, an innovative and aesthetically pleasing solar shingle system developed by Dow that has been deployed on more than 1,000 homes. This stock was also at a multi month break out level, low float, and tons of volume everything to make things interesting.
Entry/Exit: Since the stock was up so much in P/M, dipped down, and climbed almost back to its highs i thought on market open it blasts through P/M high I'm in. If it starts going down I'm sure its cause everyone is locking in profits and I would look for some sort of support. It perked up but didn't quite get to VWAP so I wasn't convinced. I was waiting for the price to rip through VWAP, volume picked up, bidders stacked up I set my order for the price on VWAP. My goal to sell was the in the 2.40s I wasn't sure if it would set new highs but it sure did, had a pull back got scared, locked in profits for a nearly 18% gain.
Profit/Loss: +.37 cents per share.
