Today I was missing in action.
Market gapped down at open and then proceeded to climb steadily upward all day in a grotesque stair step fashion.
I tried again selling $AMRN in the morning, this time only half-position size, hoping to buy back cheap. Not much luck again; but I was able to buy back a bit cheaper than what I sold. Not much of a good deal but still beat buying back at higher price.
Seeing that the market was down, I decided to unload $TC, $MCP, $SLW (at breakeven when combining the three together) to raise cash.
I also reduced position size on $CERS and $UNXL to minimize risk.
I added to $NUGT near the open when price action was strong; but later on, price action fell apart and I was stopped out for a small losses.
I’m going to give $APRI a little more room to see how the 2nd public offering is being received next week.
Thanks to Dev’s pick on $UNXL, I’m seeing nice green despite the reduced size from peeling off some in the morning.
I was basically neutral most of the day which explained my lack of action except for the liquidation and reduction of some positions.
Current holdings:
AMRN, LRAD, TINY, APRI, UNXL, CERS, DNN and 40% cash.
The trades I made in the journal were time-stamped in twitter
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