Shared by
blackie_trades
The stock was being pumped by Stock Sniper.In the pre-market it managed to run as high as $8.64 with a decent amount on volume flowing in on a float of approx. 2 mln. I saw a chance to buy this after it dipped on the opening.
I went long 50 shares at $7.488 after the stock moved down. I covered my long at $6.41 as it seemed that UUU lost all its volume after the halt. AMEX listed stocks are prone to T1 halts, which is a given to take into account the next time I trade an AMEX listed stock.
I kept my risk within accepted levels and also kept my risk low by not going in full size.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-08-26 09:50:09 | UUU | buy | $7.488 | long |
| 2021-08-26 15:11:40 | UUU | sell | $6.410 | 0 |
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