Today was a little harder to trade with a lot of stocks being pinned due to OP-EX.
I was seeking out news stories or small off-the-radar plays that would not be affected by pinning. I was trading (ARNA) in the pre-market after trading yesterday in the aftermarket. WOW! I almost carried a swing positon from the mid 6's in anticipation of today's news, good thing I did not at it opened just above 4. I bought it twice at 4.15 and 4.20 and would like to say I kept it all day but did not...sold scalping both times for .09....who knew?!
I also traded (HBAN) after the pricing of it's share offering was announced at 4.20. The last time I saw a popular bank stock announcing it's offering - that price held as support and I bought it at 4.35 and again at 4.27 after it bounced off 4.20. I sold out at 4.34 for a .03 gain mid day as I was tired of watching it do nothing. Sure enough it moved after I sold, but nothing major.
The money was made today in (RPRX) which announced debt resturcturing. I was in first thing of the news at 1.09 and out at 1.21. Then bought in again after a pullback and another push upward at 1.25 and exited a quick scalp into resistance at 1.29.
I also sold my swing position in MWA at 5.37 today.
All in all a very good week.
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