SRRA Trade on Jan 25, 2022 09:30 from BanalityOfEvil: Tradervue User Stock Trades.

SRRA – OPENING DRIVE SCALP WITH MOMENTUM LOT – 62.14

SRRA
6AM
SIERRA ONCOLOGY PROVIDES FINANCIAL UPDATE TO SUPPORT THE FUTURE COMMERCIALIZATION OF MOMELOTINIB—Oxford Finance Debt Facility for up to $125 Million— —Series B Warrants Will Expire in 75 Days, and if Fully Exercised, Could Provide An Additional $33.3 Million— Sierra Oncology, Inc. (NASDAQ:SRRA), a late-stage
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6:00:00AM
SRRASIERRA ONCOLOGY ANNOUNCES MOMELOTINIB ACHIEVED STATISTICALLY SIGNIFICANT BENEFIT ON SYMPTOMS, ANEMIA AND SPLENIC SIZE IN THE PIVOTAL MOMENTUM STUDY FOR MYELOFIBROSIS—New Drug Application submission planned for second quarter of 2022— —Full data set to be presented at an upcoming medical meeting— Sierra Oncology, Inc. (NASDAQ:SRRA), a late-stage biopharmaceutical company dedicated
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5:55:00AM
SRRATRADING HALT: HALTED AT 6:55:00 AM - TRADING HALT: HALT NEWS PENDING

@8am saw this had gapped up in early premarket and sold off. Fresh news catalysts with low float. Figured I may be able to catch a pop on this around the open. I planned to use small size. The last thing I want to do is give back profits on a green month, near the end of the month, on an ultra-sketchy trade.

@9:30 OPEN I started scaling in with tiny size (25 lots) not trusting the stock or the overall market. But thinking that this could easily pop several points, and possible halt and move higher.

@9:36 added another lot after stock pulled back to 22.50, appearing to have found resistance, I bought in on the 1st green candle to make a new high, but it was quickly rejected, topping out, so I sold ½

@9:39 large bottoming tail on a green candle with expanding volume came in, showing me this may be an inflection point, added back in a lot

@9:41 2 candles break vwap to the upside, so I doubled my position to T1 size… now or never

@9:42 volume pours in and stock goes LU, I execute at the top getting filled on ½ my position size….
• I was tempted to sell full position here give the nature of everything right now – WEAK – but I decided to hold onto ½ my position for the halt resumption

@9:48 Halt resumption almost goes LD from 25.75 to 22.75… Jesus

@9:49 all out at break even price average on remaining shares

• Probably should have sold full position at LU, there is no continuation in the market and you knew better, ended up giving back 67% of profit__