Market tried to correct but ended the day nearly neutral.
$NUGT gapped down and I placed a stop below intra-day low instead of outright getting out. Nope, no luck. I was stopped out anyway. I took my losses and moved on. With the newly released fund, what should I buy?
Then I started looking at $AMRN again. Are you crazy?
What if for some exotic reason the FDA decides to offer some half-way measured approval for Vascepa? What if… What if…
Enough what if already; thus I bought back $AMRN with the available cash just to shut myself up.
Now, if $AMRN shoots up tomorrow (long shot), then I’ve $NUGT to thanks for. Without $NUGT stopping me out today, I wouldn’t have bought $AMRN. OK, enough talking on my part, let’s roll the dice!
I was hit hard today by $KNDI and $KGJI; thus despite an up day for $LRAD, I’m still under water a bit today.
Nevertheless, for the long-term hold on most of these hi-beta stocks, today hiccup is just your standard cup of tea. Nothing to sweat about.
LRAD, KNDI, KGJI, CERS, XONE, INO, GALE, TINY, AMRN (fully speculated)
My 2 cents.
Categories: Daily trading Journal