FTEK Trade on May 8, 2020 09:41 from TheTapeTrader: Tradervue User Stock Trades.

1.Trading Plan
Top pre-market gapper with news re big orders that they secured. This is a penny stock so I had attached a degree of scepticism to the news. My plan was to go short when stock exhausted itself. This stock was also higher than it had been since Aug'19, so I knew there maybe downward pressure as it appeared overextended vs. quality of news.

2.Trade Execution and Management
I focused on my other earlier trades (MYOS and PSTI) as this went straight into a halt! Worked out well for me as it meant I could focus on this without any distraction.

Stock had halted at $1.35 within seconds of the opening and it pushed up to $1.49 and then halted going down at $1.26.

I waited for it to resume trading. Tape was frantic and stock dropped down slightly before moving up to the mid $1.20s. There was heavy selling on the tape and stock moved lower into the teens and then I entered because felt stock was exhausting itself. I exited when looked like small wall of buyers propping up stock and volume seemed to fall away. Took my profits.