Knowing the news is meaningless and it's a pump but price action looks crowded so I didn't get myself involved. It's also lacking liquidity and moves slow for me. the main thing was each dip was not as weak as I thought so I thought maybe this "buyer" behind the scene is strong unlike retails.
Turned winner into loser! First I made fat finger mistake shorting 7k shares typed in $1.40. Then realized it was fat finger I immediately tried to cover half of them. Saw the weakness and $1.40 support got tested so sized in again with avg. $1.44 anticipating $1.40 crack and flush but $1.39 refreshing and absorbing like crazy then I stopped out and I am proud of that. Then stupidity crawled into my mind and I flipped long given the volume and HOD breakout but I failed to take into consideration that it was still below the premarket high and the breakout isn't as valid as I think it should be....then I realized SHIT..it was HOD breakout fakeout stuffing action but the price already started to reverse and it was hard for my sell order to get filled. Glad I stopped out again.
Yes...Took loss... but I did the right thing! this thing is hard to read & trade both long and short.
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