YHOO Trade on Feb 19, 2016 09:33 from tsun: Tradervue User Stock Trades.

"company announced that its board of directors formed an independent committee to explore strategic alternatives along with its previously announced consideration of a reverse spin. "The Board is thoroughly committed to exploring strategic alternatives while simultaneously supporting management and the employees in their implementation of Yahoo's strategic plan," said Yahoo! Chairman Maynard Webb in a press release"

Initially I had been watching for 29.9 area to hold for a potential long on the 5 minute mark. This area had been a good support in premarket at this level. When the bids dropped, I immediately covered. I also used 1/10 of full size to avoid emotions.

Then on the downtrend, I started looking for the next area where the bids would step back up and hold again. This occurred at around 9:39am and at 9:40am, the downtrend was broken. Along with a higher low holding and bids stepping up, I put my risk as low of candle at 29.72. I immediately got in and exited slightly above vwap as 30 was a whole number and it was reaching opening price of 30.2.

The vwap shown here is differnet since I use vwap with premarket data included.

I risked 11 cents for a 24 cents gain.

2nd trade, I shorted slightly below the opening price level after seeing that it has failed at that number. My risk was the high of the opening candle at 30.23. I covered 1/2 into vwap and wanted to see a break below vwap, but when it showed strength the next candle I bailed the other 1/2.

I risked 5 cents for about 11 cents again on average.