IMMX Trade on Jan 12, 2022 08:04 from BanalityOfEvil: Tradervue User Stock Trades.

IMMX – PREMARKET SCALP WITH MOMO POTENTIAL – 165.94

@7AM news broke in this recent low float 450k share momo stock and I knew there would at least be a small opportunity in it

7:04:36AM
IMMX
IMMIXBIO IMX-110 PRODUCED 50% POSITIVE RESPONSE RATE IN FIRST-LINE-THERAPY-RESISTANT CANCER, SURPASSING THE STANDARD OF CARE IN MICE STUDYIMMIX BIOPHARMA, INC. (NASDAQ:IMMX) (“IMMIXBIO”, “COMPANY”, “WE” OR “US”), A BIOPHARMACEUTICAL COMPANY PIONEERING TISSUE-SPECIFIC THERAPEUTICS (TSTX)TM TARGETING

• Price immediately jumped from 5.50 to over 7
• Waited for pullback to 7 to start adding 100 share lots for break of 7 putting on 400 shares total. I did not want to get over 500 shares since this thing could really move against me, the overall markets are extremely volatile right now, and the float was sub 1 million shares
• Sold ½ @ 7.50 when some resistance showed on the tape and volume did not increase, I was expecting this to drive a little harder, hoping to sell 1st half closer to 8 dollars
• IMMX immediately pulled back to 7 where I re-added a couple lots on consolidation and volume starting to pick up.
• Again did not get the drive I really wanted to I sold another ½ over 750
• Held the remainder up to 8, it appeared that 8 was going to struggle when the bids dropped and selling volume mimicked the highest buying volume on the day.
• Only had 100 shares at this point with a 7.33 price average, giving me a wide risk window so I just held it to see if any further consolidation was needed.
• By 7:30 stock flushed from 7.80 back to below 7 in 2 – 1 minute candles so I went flat as my price average was broken.
GOOD TRADE, GAVE SOME BACK OFF THE TOP, BUT ALREADY LOCKED IN SMALL PROFIT SO GAVE IT SOME ROOM. NO PROBLEMS HERE. TRADED THE PRICE ACTION WELL AND READ THE TAPE WELL, DID NOT EXPECT MUCH MORE OUT OF THIS GIVEN THE BEARISH MARKET CONDITIONS