Jun 16, 2020
2 min read
Trading Journal for 6/16
- 6:27AM: ROSEU (+531%) on no news…SPX futures are back up to 3143…
- 6:30AM: ROSEU rose just a bit at open before pulling back…it’s an energy company…resistance at $7.50 and $7.80…support at SMA200 at $6.07…
- 6:36AM: ROSEU set a slightly higher high…it’s range-bound…float is 25m…the range is 15% wide though…might not be tradeable…
- 6:40AM: UONE (+30%) is testing yesterday’s highs…I don’t think I saw news on it yesterday…it’s currently halted going up…I’m seeing a trendline from yesterday…
- 6:48AM: UONE…rose a little bit at resumption before dipping…it’s having trouble at that trendline…it’s broken through…now halted going up at $10.01…this stock hasn’t been this high since 2006…it might be too extended to trade…
- 6:56AM: UONE is halted going up again…now up 83%…up 20% since the last halt…no trades from me yet…it’s actually been going up for about 30 minutes now…so, I would expect a pullback to come soon…I think I’m going to hold off on trading this and look for a pullback followed by a possible continuation…
- 7:03AM: UONE moved up 10% and is halted going up again…
- 7:34AM: Back from making breakfast…UONE went all the way up to $19.23 before dropping by 35%…
- 7:50AM: News…Beijing has raised its “Emergency Response Level”…the BBC reports that there’s an effective steriodal treatment for Covid…
- 11:38AM: UONE (+200%) is moving up again, set a new intraday high, and is halted going up…
- 11:53AM: No trades from me…UONE continued going up quite a bit more…up 282% at $25.00 before a big pullback…
- 12:22PM: UONE (+400%) is continuing to move…NTN (+233%) is also moving higher…
- 1:00PM: No trades today…maybe I should have been more aggressive, but I didn’t see any good opportunities…
