SUPN: I bought SUPN long

    Posted by bravestar on 4th of Jun 2018 at 09:56 am

    SUPN: I bought SUPN long at exactly 58 and it immediately went down. Any advice? 

    Bravestar - avoid trading at

    Posted by steve on 4th of Jun 2018 at 10:11 am

    Bravestar - avoid trading at the open on high beta stocks unless you're quite nimble.  SUPN opened at 58 and ran up to nearly 59 during the first 5 minutes 

    Yes I bought SUPN at

    Posted by bravestar on 4th of Jun 2018 at 10:21 am

    Yes I bought SUPN at 58 when it was on its way down. I am watching it go back up now hopefully

    nice that you bought it

    Posted by matt on 4th of Jun 2018 at 10:35 am

    nice that you bought it on the way down vs top ticking it or something.  Yes things like happens from time to time, a stock triggers on the open and the first 5 min bar is the high.  The first 5 - 15 min can be tricky and odds of that happening is much higher.  If you have the ability best to monitor really closely and be ready to exit right away if starts to weaken vs getting stronger after the gap

    ok

    Posted by bravestar on 4th of Jun 2018 at 10:37 am

    ok

    thanks

    Posted by bravestar on 4th of Jun 2018 at 10:12 am

    thanks

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