BIOC Trade on Jun 18, 2020 16:11 from _cup0fjoe: Tradervue User Stock Trades.

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_cup0fjoe

 

going for an o/n hold on this. Aware of its S-3 in effect, but it was made effect on 5/8/20 and lots of volume has traded from that date until yesterday meaning the dumping is probably over.
Reason for conviction for the o/n hold: 1. historic vol on 1 yr daily 2. catalyst 3. vol > float 4. history shows it can hold 2 day runs

Got out as it was having trouble getting away from VWAP towards the upside. Something I noted was that the catalyst for BIOC was not on the main trading news websites. I did not find anything on Yahoo, Finviz, Marketwatch, or BigCharts. Not even TDAmeritrade. This means that not many ppl feel confident to buy rn. Had the catalyst been on all these websites then a gap up could have been possible.


Execution detail:

Date/time Symbol Side Price Position
2020-06-18 16:11:13 BIOC buy $0.9100 long
2020-06-18 18:40:20 BIOC buy $0.9240 long
2020-06-19 09:02:35 BIOC sell $0.8904 0


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