Retire Rich

• I initially asked a price at 41.0 level but at the time there was a surge of the stock price. I told to myself that this is it! The breakout!!! But not able to hit my asking price as the price move up quickly. 
• So, I adjusted it to 41.2 and the trade was executed at 10:24 AM.
• Then the seller dominated a bit and the price moved back down to its opening price. 
• During the closing part of the trading day, the price rallied a little bit and closes strong at 41.45. It is the strongest stock I purchased to this date. 

2 May 2019.

• The stock closed @ 41.8 which was above the previous price. The high at this date was @ 42.5. I'm very optimistic the price would go higher. 
• The volume indicators were strong still. One thing I'm not comfortable at; still the 1Q2019 report was still not out. 

3 May 2019. 

• The sellers showed up at this date and a lot of profit-taking going on. 
• I thought the buyers will come back strong at the closing.
• Things went ugly as the strength indicators went down. So, I exited even before it hits my stop at a very minimal loss.

Takeaways:

• If I hesitated at the very first sign of price weakness, I should have more amount of losses right now.
• So far at the current price, I'm still yet to be knockout by SMPH. 
• I expect a bounce at or before the support price level, near my stop loss at 40.5. 
• Depending on the 1Q2019 report, the price movement could be up or down. I expected a good quarter report as the annual report was good. 
• I'm just comfortable without the position before the report is out.
• Anyhow, I'm still willing to enter into position when buyers turn up again. Let's see during my next update.