After going thru my scanner I saw fresh news and wanted to go long since Biotech sector has really been hot. I watched the pre market action and saw support and resistance.
News of SRNE developing a new way of detecting anti body if you were infected with covid-19. This would make them the only company having this ability.
Immediately after the open I chased the stock below premarket levels thinking this was a deal only to scale down into a losing trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-05-28 23:06:28 | SRNE | buy | $2.450 | long |
2020-05-28 23:07:02 | SRNE | sell | $2.100 | 0 |
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