APDN Trade on Jul 17, 2020 06:20 from turtletrader35: Tradervue User Stock Trades.

4.29m float, 95% in 45 mins, news catalyst at 6:20am

Benzinga Charlie came on the mike with urgrent voice saying APDN had come up with a corona vaccine that showed no side effects on mice. I knew this stock and I had already known it had overhead resistance however I knew it was also a super light float at 4.29m so given that I put it up on my charts and bought it instantly at $12. 3bar play showed confirmation therefore I added on the resumption higher at $13. Spreads were huge so thats why i settled on 25 shares but knowing the situation I should have been ok with a 1-1.5 stop or $160 risk so at minimum 100 shares at 1.5 stop. or 160 shares with 1 pt stop. An add of another 100 shares at 13.0 would have been ideal followed by a 3rd add at 14 and a final one at the breakout of 14.75. Measured move indicated a potential target of 2.5 pts 12-14.5 so 2.5 from 14.5-17 as the 7am rush of traders came in was a good move.