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re: PHUN (Phunware Inc.)

Posted on 10/22/21 at 9:56 am to
Posted by Pezzo
Member since Aug 2020
2858 posts
Posted on 10/22/21 at 9:56 am to
they let the halt last long enough for panic to set in and then when they see shite tons of orders coming in to sell at 8.50 they open it back up to tank the price
Posted by TchoupitoulasTiger
NOLA
Member since May 2011
1297 posts
Posted on 10/22/21 at 10:01 am to
PHUN just crossed below the VWAP.

SELL SIGNAL
Posted by bagNdrag
Member since Dec 2010
1909 posts
Posted on 10/22/21 at 10:06 am to
I had stop loss at $18.00 prior to it halting at $18.35 for like 30 minutes. When it reopened at $9ish it filled my order at $9.65.

I went from being $1k up to losing $200. WTF
Posted by gatorsimz
cafe risque
Member since Feb 2009
8291 posts
Posted on 10/22/21 at 10:08 am to
thats one issue with stops.
these assholes halting this stock wiped out a $15k gain for me.
Posted by GREENHEAD22
Member since Nov 2009
20494 posts
Posted on 10/22/21 at 10:08 am to
Yea I just got burned, new bid is at $3
Posted by JDPndahizzy
JDP
Member since Nov 2013
6918 posts
Posted on 10/22/21 at 10:08 am to
current bid price at $3
Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 10/22/21 at 10:08 am to
Damn I thought your stop loss is set for that amount not what it reopens at? That sounds fishy
Posted by Hogwallop
Member since Jul 2021
413 posts
Posted on 10/22/21 at 10:09 am to
BS
Posted by gatorsimz
cafe risque
Member since Feb 2009
8291 posts
Posted on 10/22/21 at 10:10 am to
a stop is a trigger. once the last traded price of the security hits your stop price, your order turns into a market order. there's no safeguard
Posted by go ta hell ole miss
Member since Jan 2007
14474 posts
Posted on 10/22/21 at 10:11 am to
quote:

Damn I thought your stop loss is set for that amount not what it reopens at? That sounds fishy


With high volatility they cannot always get the actual price of the stop loss. Once the stock his the stop loss number that triggers a sale. However, they may not get the sale at the actual stop loss number. Happens a lot with Sstop losses when a stock crashes overnight. Stop losses are good, but not fool proof.

You all are braver than me. This is way too volatile for me. Retail can often get hosed in plays like this. I am aggressive, but not this aggressive. Good luck.
This post was edited on 10/22/21 at 10:12 am
Posted by Hogwallop
Member since Jul 2021
413 posts
Posted on 10/22/21 at 10:13 am to
Sold half @7.9, too much craziness
Posted by GREENHEAD22
Member since Nov 2009
20494 posts
Posted on 10/22/21 at 10:18 am to
Halted again, I am done.
Posted by CrawKing
Member since Mar 2018
180 posts
Posted on 10/22/21 at 10:22 am to
I like to go down with the ship.
Posted by Lsut81
Member since Jun 2005
83570 posts
Posted on 10/22/21 at 10:23 am to
Damn, what a ride... Whomever said about a dip to get me back in the $6 range


So is this thing done now?
Posted by slackster
Houston
Member since Mar 2009
91268 posts
Posted on 10/22/21 at 10:26 am to
quote:

I had stop loss at $18.00 prior to it halting at $18.35 for like 30 minutes. When it reopened at $9ish it filled my order at $9.65.

I went from being $1k up to losing $200. WTF


If you only want to sell for $18, you need a stop-limit order.

A stop loss order guarantees it will sell once the trigger is hit, but doesn’t guarantee the price.

A stop-limit order guarantees the price but doesn’t guarantee it will actually execute at all if the stock gaps down.
Posted by Hogwallop
Member since Jul 2021
413 posts
Posted on 10/22/21 at 10:27 am to
Finally some positive movement, then halted again.
Posted by bagNdrag
Member since Dec 2010
1909 posts
Posted on 10/22/21 at 10:28 am to
Yeah a discord I'm in has a few that got hosed like me, but others that were thankful their orders got filled at their stop loss.

I just got the short end of the stick on this one I guess.
Posted by bagNdrag
Member since Dec 2010
1909 posts
Posted on 10/22/21 at 10:29 am to
Yep, just learning this. Gotta learn the hard way.
Posted by gatorsimz
cafe risque
Member since Feb 2009
8291 posts
Posted on 10/22/21 at 10:29 am to
At this point, I'm going to let this ride and revisit at the end of the day. Any positive momentum will be halted anyway.
Posted by JDPndahizzy
JDP
Member since Nov 2013
6918 posts
Posted on 10/22/21 at 10:29 am to
Has been halted more than traded today.. Crazy
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