Solid day yesterday, had good gains on WTW so let GMCR take me for a little ride. Not sure why but I had a lot of confidence in GMCR. Though in the end the trade was TERRIBLE risk to reward I made a nice profit. Funny thing is it’s so obvious when you let a trade beat you up, you get scared to add at the right time and then cover the INSTANT you are green. My cover was minutes before an even bigger crack… Oh well. Green is green, though the process was flawed.
Lot’s of biotech’s I’ll be EXTRA cautious on these until the KBIO madness runs out of steam.
Today’s List: Full list from Yahoo Finance
Eros International Plc (EROS) -NYSE
Kind of annoyed staring at GMCR kept me out of this yesterday. But the spike was pretty late in the day, and again considering the madness of KBIO, there was no way I was going to short something at 3PM and hold it over. Ideally a spike today.
Target: $10.25-$10.50 risk on $11
Weight Watchers International, Inc. (WTW) -NYSE
Same drill, watch for spikes.
Target: $27, risk on $27.50
Anavex Life Sciences Corp. (AVXL) -NasdaqCM
Decent setup yesterday, but I was trading WTW.
ZIOPHARM Oncology, Inc. (ZIOP) -NasdaqCM
I was locked on this as well yesterday but never pulled the trigger.
Harvard Apparatus Regenerative Technology, Inc. (HART) -NasdaqCM
Getting close to ignore, this probably ends up a solid short, it will drop 20% plus at some point, but when and how who knows. I just don’t like it at $2, want it way higher.
Mitek Systems, Inc. (MITK) -NasdaqCM
Watching, no real target, hoping for a big move to get short.
Pacific Biosciences of California, Inc. (PACB) -NasdaqGS
Strong biotech chart, will watch but be extra cautious.