Shared by
BanalityOfEvil
VCNX – premarket scalp core builder – (76.31)
7:07:30AM
VCNX
VACCINEX REPORTS TWO COMPLETE RESPONSES IN FIRST THREE PATIENTS ENROLLED IN THE PHASE 1B/2 KEYNOTE-B84 STUDY OF PEPINEMAB IN COMBINATION WITH KEYTRUDA IN PATIENTS WITH RECURRENT OR METASTATIC HEAD AND NECK CANCER
low float 19M
@8:24 scaled into 500 shares for the break of HOD @ 1.40, filled and flushed against me in the same minute but held vwap
@8:33 lightened up on ½ due to low volume, holding vwap @ 1.28, volume profile and price action looks awful, will be shocked if this breaks out today.
@10:40 went to flat, algos took over to the short side
NEVER LIKED THIS TRADE, NEWS HEADLINE WAS WEAK, TRIED TO FORCE IT
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-26 08:24:03 | VCNX | buy | $1.370 | long |
| 2022-01-26 08:24:06 | VCNX | buy | $1.410 | long |
| 2022-01-26 08:24:07 | VCNX | buy | $1.420 | long |
| 2022-01-26 08:24:17 | VCNX | buy | $1.380 | long |
| 2022-01-26 08:24:21 | VCNX | buy | $1.380 | long |
| 2022-01-26 08:24:22 | VCNX | buy | $1.370 | long |
| 2022-01-26 08:24:27 | VCNX | buy | $1.380 | long |
| 2022-01-26 08:24:27 | VCNX | buy | $1.375 | long |
| 2022-01-26 08:24:34 | VCNX | buy | $1.370 | long |
| 2022-01-26 08:24:35 | VCNX | buy | $1.370 | long |
| 2022-01-26 08:33:42 | VCNX | sell | $1.300 | long |
| 2022-01-26 10:42:13 | VCNX | sell | $1.160 | 0 |
Comments
BanalityOfEvil
Thanks Maiwand. I agree with all of this. Normally I do like to wait, but the past couple weeks, especially this week, the small cap low floaters are just getting decimated after the early PM spike, never to return... I was trying to get in early and hold a little runner just in case... normally I would never trade this weak of a headline... tried to force it. Not proud of taking this setup.
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Nice job being honest with yourself about the trade, key tip on these PM gappers wait untill they HOLD the PM high as a base (look at APM on that first green day in PM) if you want a quick pop over that new HOD level, your basically getting the same price with alot tighter risk and odds (using term loosely have not run actually statistics) are higher