Wednesday, March 7, 2018

Rowsley - Traded 500 Lots

Traded a small 500 lots in Rowsley this time as I wasn't confident about the rebound and just wanted a fast scalping action for intraday. Rowsley had a heavy sell down since the day they announced about the warrants and from there on, it got sold down heavily with the general market. I used to trade like between 5-8 million shares but this time round I reduced the lots size tremendously as the stock is not in play and like I said, I was just looking for a fast scalping and get out. It reached a demand zone but the rebound was pretty weak and hence got out with peanuts earlier. Moving on to another stock.

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