Why I sold ARRY Array BioPharma Inc

Wanted to make a quick trade on a oversold position. Bought stock when RSI (relative strength index) was bad and sold for a profit. I might have gotten out to early. I just wanted to make a quick profit of at least $500. This an example that if you want to make money you have to have money, so instead of buying 100 shares I bought 1000 shares. To get the return for a 100 shares would take much longer and much more risk. When I bought ARRY had been in a nasty selloff for a few days. Many support levels were broken. I bought when RSI was around 30 or below. Having access to level 2 data helped to get a better price (where demand was higher supply). The biggest problem with ARRY is that there are too many shares available for shorts to manipulate the share price with massive selloffs.

This is on of the sins of past dilution.  See page bottom of page 18 of 10Q:

https://www.sec.gov/Archives/edgar/data/1100412/000110041217000006/a03311710-q.htm

Total profit $1506 had to wait for shares to clear T+3 rule before unloading.Lesson I should have had the money in the account before making the trade. As a result I missed out on selling at a higher price.

Buy orders

Tue May 09 13:09:47 2017 Buy 500 ARRY Executed @ $6.8261

Tue May 09 11:33:00 2017 Buy 500 ARRY Executed @ $6.7661

Sell orders

Mon May 15 09:45:01 2017 Sell 500 ARRY Executed @ $8.3135

Mon May 15 09:46:28 2017 Sell 500 ARRY Executed @ $8.33

I have used the profits to buy shares to hold out for future returns for the long run.