TOPS and OPGN were my only Picks premarket. Both had 5 criterias that I look for to enter a play. Good Range, Volume, News, Low Float, and was a previous runner. After getting out of my trade on OPGN...i quickly looked at TOPS. News was regarding earnings..total revenues increased by 51% to $29.8 million for the six months ended June 30, 2019 compared to $19.7 million for the same period in 2018. Also Net loss decreased by 91% to ($0.6) million for the six month ended June 30, 2019 compared to a net loss of ($6.6) million for the same period in 2018. Realizing it already moved while I was in OPGN earlier I saw a good entry of buying pressure at the 8.31 mark. It jumped me in at 8.40. I allowed the indicator to show me the way LOL. It ran to a high of 9.18...the next candle quickly pushed down so I sold 60% of my shares at 8.80 to take profit and allow the rest of my shares to move around. I saw selling pressure finally coming and I sold the rest at 8.64. Overall Good Trade. For the most part. I did the best I could on this play. The low float and range made this stock violiatile.
Grade: A-
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-09-04 09:48:45 | TOPS | buy | $8.400 | long |
2019-09-04 09:50:47 | TOPS | sell | $8.800 | long |
2019-09-04 09:52:27 | TOPS | sell | $8.640 | 0 |
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