Shared by
FFC10x
The company reported positive news for the treatment of pulmonary hypertension associated w/pulmonary fibrosis. So it had news & is a former runner.
Initiated position after the break of $8. Didn't buy in the 8.70s as it felt over-extended so i looked "left" and saw 8.40 as a prior resistance level and sure enough the price came right back to that level.
Stock came back and did a double bottom of 8.25 and shot-up. Now im in the driver's seat.
Sold @ 11.48 after seeing the ask getting and stock struggling to go higher. The HOD of day was 11.99.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-18 11:55:00 | BLPH | buy | $8.400 | long |
| 2020-02-18 13:31:00 | BLPH | sell | $11.480 | long |
| 2020-02-18 13:31:00 | BLPH | sell | $11.480 | long |
| 2020-02-18 13:31:00 | BLPH | sell | $11.480 | 0 |
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