Today was a stubborn day.
Market opened down and the first thing I looked at was $APRI. Seeing that the the public offering price =$2.85; I see some possibility here. The bids were there at the open so I unloaded the whole lot with the expectation to buy it back cheap. Fortunately for me, price did go down and stabilized around low $2.6x where I bought back my position.
$UNXL took out yesterday low from two days ago, so out it went. When price stabilized around mid $22.xx, I bought back my position.
$CERS looked tempting since price action recovered pretty quickly; so I bought back 60% of my original position from yesterday for about the same price. Hindsight said I should wait; but hindsight was not there when I was buying. I will see how it looks tomorrow.
$AMRN had a large bids so I decided to sell my whole lot just to exercise my resolve to survive. There were only a minor hesitation; but I was glad to have done it. Price did not go down further after I sold so I bought back my position after seeing some buyers coming back in. I had been sitting on this position for so long that it was a good exercise to dislodge my immobility regarding this position. Next time when there is a profit to be had, I may just take it with my swing trade position.
I was stopped out of $NUGT for profit on position coming in from yesterday. Later in the day when I didn’t see any major retracement on this one, I bought a starter positon along with other miners- $SLW, $TC, and $MCP. Since $MCP is a pick from the Dv, how can I go wrong here? Nevertheless, I’ll have my own protective stops in place for these position. I like these miners because their price actions were quite resilient today.
I also bought back some position on $DNN I sold yesterday.
Current holdings:
AMRN, LRAD, TINY, CERS, APRI, UNXL, TC, DNN, SLW, NUGT, MCP and 28% cash.
The trades I made in the journal were time-stamped in twitter
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