ATHX Trade on May 5, 2014 10:00 from specialk1st: Tradervue User Stock Trades.

ATHX went up, then down

Bought this stock with the intention of doing a 1 day swing trade on it. The first day that I purchased it I got up to $76 in profit, but then ended the day at $10 profit. Was somewhat risky to purchase because the earnings report is coming out on Thursday, but the momentum was there that morning and it was on my Sunday watchlist too. Next morning the stock opened with a $23 loss. Then started flagging. After the flag, stock went down further, so I sold for a $29 loss. One good point: It continued to go down further as the day went on so had I have waited until the end of the day to sell I would have taken a $47 loss. Think I'm officially done trading until after my bootcamp class tho. This distribution market is very difficult to swing trade in. If I could day trade this would have actually been a profitable trade as I would have sold once it hit $75+ in profits on the 1st day.