Market opened higher and bounced around the upper band of the 20 min opening range.
$BIOD opened strong and continued on stronger. Seeing the momo happening, I automatically added more to my position. Although we are still waiting for trial result due in September, I will have to remind myself to reduce position size near the end of August to commensurate the risk I’m willing to take to bet on the result.
$CERS opened with a weak hand so I took the opportunity to add some more to accumulate. Good thing price went back up after a sudden spike to the downside near the $5 support. Let’s see if we can see $6 soon on this one.
$AMRN opened similar to $CERS but when price began to climb back up above $5.60, I added back the other half of the core position to bring my core position back to 100%. As price continued to head higher, I added more share for the swing trade position.
LRAD, AMRN, INO, CLIR, ATRS, BIOD, CERS and 28% cash.
Categories: Daily trading Journal