7:30am - $SOS - 70%- yesterday there was news on this stock that they had hired some dude to help with blockchain security. Again bitcoin and blockchain is a hot sector. 35M float. 100M market cap. It ran after hours, so not sure how much juice this will have left because it is running on hype and not much else. Keep an eye on this and take small profits if it gives a breakout. Next resistance is 4.75.
Breakout price: $4.05
Risk: $3.80
Goal: $4.45
This stock opened at 3, made its way to 4 and then just faded all day. I stuck to my exit. Dissapointed that it did not really run.
It only had rotated its float 0.3 times at the open, so that is something I need to keep in mind when looking for breakout charts. It is probably better to short these. I am not ready for that yet though.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-07 09:46:14 | SOS | buy | $4.070 | long |
2021-01-07 09:48:55 | SOS | sell | $3.780 | 0 |
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