Shared by
BanalityOfEvil
ATHE – premarket news scalp – 32.60
ATHE - Alterity Therapeutics (NASDAQ:ATHE) shares are soaring over 37% after being granted the patent “Compounds for and Methods of Treating Diseases.”
Patent news is usually quite strong, I was only looking for a quick move, but I could have waited for this to show more strength and to reclaim 1.20 before entering, but I had just entered the market and saw support holding 1.10.
Attempted a premarket scalp with 1000 shares after stock pulled back and tested 1.10 three times
Largest volume candle of premarket came in after 3rd test and I thought I may be able to catch a quick .10ct to .20ct back up to 1.20 or 1.30
Kept a tight stop on this, sold a couple cents below price average for a .03ct loss, did not want to mess around.
Markets extremely volatile
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-06 07:00:38 | ATHE | buy | $1.120 | long |
| 2022-01-06 07:00:58 | ATHE | buy | $1.150 | long |
| 2022-01-06 07:01:08 | ATHE | buy | $1.150 | long |
| 2022-01-06 07:01:14 | ATHE | buy | $1.150 | long |
| 2022-01-06 07:07:47 | ATHE | sell | $1.110 | 0 |
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