2 entries on the big fail after multiple G days in a row. Was a little cautious as it was a 52-week high with P3 news, but digging had some dilution and needed cash in the next few months to get the new drug to market and NDA. Kept small size as this could rip as well but like the odds so took the trade. Never retested the $7 line so comfortable the whole time in the trade.
Don't go long very often, but caught this on the 1st Bounce after the PR and huge spike on V late in the day. Was considering swinging depending on how it finished and AH went. Like usual, I sold too soon but a decent little gain. It got all the way to $.70 AH but would have sold in the $.64/.65 for sure if I moved my limit order AH. Sold off pretty good PM the next day so it was the right plan to sell into the AH spiking just a little longer.
Over-traded in my Cobra account this week, which led to -500 on the week. Had 3 really nice trades and 4 really stupid trades that trumped my disciplined and calculated trades. Need to get back to the basics and look for lines to short and not breakdown UNLESS it's the death-line.
Looking to scalp the $1.50 line and good thing I saw the strength as this one ran all the way to the high $1.80's on huge V. Gaped down the next day then 4/4/19 sub $1 as they dropped an offering PM 4/4/19. Also sold sold $2 calls on the failed respike late in the day as I was thinking this had some room to come down. Closed out this position 4/4/19.
Had an order out there to scale around the $1.70 line using $1.77 PM HOD as risk. This one was the hot chick of the day and I forgot this order was out there and got filled and cut the loss within a 1min or so of filled. Stock ran all the way to the mis $2.30's before afternoon crack and few days later in low $1's after offering was dropped AH 4/3/19.