$MGT I was watching this right before the spike, doing my little chart thing, pivots... even made an index card with .24 .28 .35 prices marked out, and a .365 underlined to show the close it had on the 6th...
Was gonna wait until it dropped back 15 - 20% and get some.
But, it gapped up Monday the 9th and... WTF!? John McAfee? The Antivirus guy? Pre-Market was crazy on this little ticker... What!? So yeah, I grabbed some .50's. I held them until the next day and sold quick for a .15 and .23 gain on the 10th. It was small fry pocket change... but it worked... I'll just wait for the pullback and then get some more. So I thought.
The sickening feeling in my gut worsened when $MGT closed at 1.27 on the 11th. The 12th was excruciating when it went as high as 1.87 and closed at 1.52...
Friday the 13th is when I could not take it any more and was able to pull the trigger at 1.24 just .07 above the low for that day. The close was 1.72 and I was smugly holding my shares over the friggin weekend!
An excruciating weekend...
I carefully scrutinized the streaming chart Monday in the AM and, and..., waited..., [an excruciating 30 minutes!] for the gap up to cool and start to fall. Bang! I hit that baby hard at 2.10 for .83 glorious points of gain. I stalked the chart for another 30 minutes and to my horror, instead of falling through the 2.00... it went back up and closed that day at 2.96 after hitting the 3.28 high of the day. I left 1.18 on the table... Never mind that I gained .83... I felt as though I missed out on a great opportunity.
John McAfee. John cray cray McAfee... Does anyone remember how hard it was to remove McAfee Antivirus from a computer. Holy crap this guy has staying power. This guy is going to make some money. I need more shares, Dammit!
So the next day, the 17th, I said "screw the chart" I'm getting some more shares. Muah ha ha ha.... got me some 2.77's and 2.78's. Still got the 2.78's. But damn that was nice to see all that green in my accounts. 2.77 to 4.15 was very nice to see.
But , on the 18th... That dark infamous day, with great horror, we got the pullback... and hard... I could not believe my eyes and sat there slack jawed before I realized this was really going down, I pulled the trigger on my 2.77's at 3.42 and was horrified that I only made .65... ugh, wtf!?
2.62 close...? huh? But, I bought back in at 3.20...?
What? After Hours went as high as 3.95 and as low as 2.59... and closed at 2.76... or 2.87 depending on where you look.
A stock that went up 5.00 in a week... fell 2.00?
Horrors.
Wow. That was ugly. And, it seems like years ago. A one day correction in a week long climb? Who ever heard of such a thing? That 5.58 was nice to see for a little while... I mean who would expect a .36 to 5.58, week long run, to just up and retrace? It must be those damn shorts. I mean it is evil to think they would sell all those borrowed shares at 5.00 and then not want to buy them back, right away, right?
There's no way those guys that bought in at .24, .28, or .36 would sell when this hit over 5.00. Right? I mean, why would they? And the 300 million shares sold between 1.00-4.15? Why would they sell?
Oh well... There's always tomorrow, right? Oh wait... it is tomorrow. When does pre-market open?
I gotta get some more shares.
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