NNMD Trade on May 19, 2020 09:40 from _cup0fjoe: Tradervue User Stock Trades.

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_cup0fjoe

 

g&c reversal, taking the meat of the move. Tbh I woke up late for mkt open, 30 mins prior to the open bell, but NNMD I did the same exact process I would have had I gotten up 2 hrs instead. The only difference was the speed and the skimming of the SEC filings. Up pm on news and a low-float. An ADR too and I have seen ADR spike big in the past. Once I began to see some bottoming action, I got in and then added again with 1.20 risk. I will admit I felt like unloading some at 1.20 since it touched 1.18 and volume seemed to be dying. But with yesterdays mkt rally I had feel that there would be positive sentiment in the markets today. Once the volume bar candles on the 2-min began to going parabolic (over 1M) I sold right into strength.
NNMD ended up hitting a NHOD at 3.97 and NHOD at 4.30 a/h. I actually was going to go in with tiny size 1mins towards close with a potential short squeeze, but order got cancelled at 15:59:59. Not mad I missed it, but will def learn from it for future reference....that stocks with a low float (7M) with news and traded over 300M volume can spike a/h due to stubborn shorts who focus too much on the fundamentals.


Execution detail:

Date/time Symbol Side Price Position
2020-05-19 09:40:54 NNMD buy $1.210 long
2020-05-19 09:45:08 NNMD buy $1.217 long
2020-05-19 09:53:42 NNMD sell $1.310 long
2020-05-19 09:57:30 NNMD sell $1.380 0


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