KMG Trade

Traded KMG, so called " earning winner" with loss.

It has spiked pre market pretty good on strong earnings but trended down all day.

I didn't cut losses quickly and has a big loss

I held it over the weekend , waiting for the uptrend which never came.

I still got out on time as it dropped even further in subsequent days
It is a thinly traded stock with av volume of < 50K, which may have contributed to this outcome