Armata Pharmaceuticals, Inc. (ARMP)

[THREE-DAY-TRADER]

Adding once more down in .40's may be prudent for a 3rd avg down (for those who've followed me since low .60's on initial entry), after doing some more evaluating of this thing while also considering our limited choices.

This thing has been in similar situations in past 2 years before experiencing short term major recoveries, and also there is data due out in December at anytime yet, which I think most likely will be good (although it is a gamble to speculate).
So given the circumstance of the down 'hole' followers with me are in on APHB so far, I'm going to make the tough decision to add more risk at these new low levels and take a chance on waiting on a recovery in December, rather than abandoning this trade for a large loss.
The time for a stop-loss was at .55+ (which I mistakenly didn't do this time), and so at this point I think it is worth giving this time yet to play out in the short term while averaging down again a 3rd time.
But notably, this is not a standard strategy I apply on my usual trades, doing excessive averaging down on a loss rather than applying a stop-loss, but as already explained, at this point it is a matter of tough choices, and I think that this will most liekly eventually recover higher from today's .40's area, so selling here seems more irrational than instead buying more here.

Based on chart history for volatility, the endured timing of the very low RSI, along with the tight share structure and potential for a short squeeze that could occur at anytime, in addition to other technical factors I apply, I think this trade still has good potential to play out for a profit toward .70+ at least.







1.5 Years saved chart as of 12/01/16 (2:00pm Eastern time):


https://s-media-cache-ak0.pinimg.com/originals/24/75/a7/2475a7a74dee0a87223b0e1ac8ca3334.png