Market was basically neutral all day and ended the day with a doji bar.
I dumped the $AMRN swing trade in the morning when price action was looking to go down; however, later n the day when price action seemed to stay put in the $5.60 area instead of a waterfall price action I was expecting, I bought back some swing trade position.
$INO gapped up due to positive Phase I test result on HIV prevention. At first, I added to the position and when share price began to drop below $1.40; I sold 50% to lock in profit. Later in the morning when price did not go further down as I had anticipated, I bought my shares back a little bit above my selling price. Near the end of the day, I added some more to see if price action would rally toward the close. It did a little bit. $INO is now my 2nd largest position after $LRAD.
I reduced further my position on $TINY giving that price action was stuck in the low $3.1x area. I used the money to buy more $INO and $AMRN which might be more active to the upside later in the week.
I also reduced position on $CUR giving the price action could not stay above $1.70.
LRAD, INO, AMRN, BIOD, CLIR, ATRS, DNDN, KOOL, CUR, TINY and 8% cash.
Categories: Daily trading Journal