Found on schwab, TI, and chartwatcher. Second trade in the broker account. Biotech company that had catalyst of FDA approval for their new knee replacement surgery process/product. Bought-in in pre-market. Took a super-small position cause I don't trust <$2 stocks. Stock immediately sold-off with zero improvement throughout the entire day. The lack of price action seems suspicious, considering the catalyst. The market was in tatters. (SPY down 5pts) I will switch this from an intraday to a swing trade. I will accept whatever positive profit is available whenever in the future. - Edit 5/18/21: Losing trade - All positive news was met with little to no increase in price action. Cutting losses.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-10 12:00:00 | CFMS | buy | $1.060 | long |
2021-05-18 12:00:00 | CFMS | sell | $0.8300 | 0 |
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