ZOM Trade on Aug 12, 2021 05:27 from blackie_trades: Tradervue User Stock Trades.

Zomedia released on th 11th of Augst in the after-hours their earnings report which was very negative. It got beaten down to approx. $0.48 from about $0.55 cents. In the pre-market hours I noticed the price action consolidating around the $0.50 range and felt the short opporunitu was there as I was expectomg the price to go down more based on the news.

I took my initial 100 shares short position at $0.4780 and another 100 shares short at $0.4995 to average up my price.

On the open the stock skyrockted 10% even though it had bad news. The spike was short lasted, so I expect it was dip buy scalpers. Anyways, the stock never got below $0.50 again.

My initial position could have been bought at a way better price. For the rest I do believe I was right in setting the risk tight as in the pre-market the price did not seem to be going above $0.50.