Following my plan of not holding over the weekend, waited for it to crack LOD, but once it didnt I gave up. Annoying to hold for days and get out basically scratch. But I’ve devoted enough time to this illiquid bitch. I’ll almost guarantee now that I’ve covered the offering will be Monday morning.
Wow, slowest day on the scans in a looong time. Not really seeing anything that interesting. Not a ton moving pre market either. Yesterday looked so crappy I took most of the day off, but looks like today will be a wait and see type day. I’m sure there will be opportunities once the day starts, but I’m really fishing to find anything right now.
Annoying day yesterday, after saying in my plan I would watch all morning I ended up shorting $SCOK early and got squeezed all afternoon. SUPER frustrating considering I put myself in that position. Ended up getting half my losses back late day after shorting into the close. FUCKING SHOULD HAVE JUST WAITED TILL THEN!! Had I followed my plan it would have been a profitable day instead of a loser…
So, same plan today, even if a great play appears I’m forcing myself to sit on my hands till the afternoon. Call it self punishment. Or most likely I’ll end up with a profitable day because I won’t try shorting the front side of a move.
Tough to work out a plan today, looks like all the Ebola plays are toast except $IBIO, which has a bunch of weird stuff going on that I don’t understand. Lots of stuff on scan for me, but nothing that is cut and dry. I normally like to come out pretty aggressive on Monday but looking like it might be a wait and see type morning.
If the Ebola plays spike I will look to get short, if they go sideways or fade I will ignore, I have no desire to try and bounce them.