Market was again playing neutral by gyrating b/w negative and positive all day. It ended slightly higher.
$BIOD started off the gate running like a jack rabbit and hit the $5 price. I bought a bit more to celebrate the momentum. Unfortunately, the momentum did not last and price dropped back down to neutral by the end of the day.
$DNN was starting off the gate in the southern direction and I immediately unloaded 70% of my position at breakeven level. Only this time, price traded back to the positive territory by the end of the day. This is exactly the opposite play of $BIOD.
$AMRN was acting not well so I unloaded 50% of the core position in case of a landslide later. But when price was holding well all day, I decided to buy the 50% core back to make my position whole.
$ATRS looked like it was bouncing from $4.29 area so I bought back some to test the water. Unfortunately, price wasn’t bouncing the way I expected it to so I unloaded it when the lower band of the opening range was breached to take small losses.
$INO finally touched on $1.50 so I bought a bit more to celebrate the event. It turned out that the $1.50 was the last resistance and price took off without looking back. $INO closed the day at high of day at $1.88.
Seeing a sizable bid at $ECTY that acted at a good support, I added more to round out my investment.
Due to $INO stellar momentum today, but portfolio gained nicely.
LRAD, INO, AMRN, NCTY, UCP, BIOD, ECTY, WG, CLIR, DNN, CUTR and 11% cash.
Categories: Daily trading Journal