Updated

GST - Short term active trade

I made money on this stock several years ago during the fracking boom. At that time I bought at less than $3 and sold a little over $8. Since that time, I've kept my eye on the stock and have watched the stock continue to tank as OPEC demolished the small independent US oil companies. The stock price took a huge drop 7/20. While I'm sure there is a specific reason for the drop, my research didn't uncover one. Thinking the sell off might be over done, I look for an opportunity to grab some gains. It's a calculated risk and I pre-establishing my max allowable loss to keep risks low.

I bought at .0949

I've already sold 1/2 of my initial shares at .1675 (76.50% gain)

I have a limit sell order for the remaining shares at .23 (1.42%; total of 1.09% gain for the trade)

My stop loss is at .1338, which if triggered my total gain will be 58%.

Trade closed: target reached

I went ahead and took my remaining profits at .1500.

For the entire trade, 67% profit in 6-7 days. I'll take that win any day.

Note

JLJ002500

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JLJ002500