ENTRY: This spiked premarket in news. It spiked a little at the open before panicking. I wanted to buy a dip and bought near some consolidation. EXIT: It bounced very little and dropped even lower. Faded all day. I held overnight just in case it would spike the next day. It didn't so I got out at the open. LESSON: Don't trade biotechs. Cut losses at entry if dip buying.