Saw that it spiked yesterday and thought that it would continue today or tomorrow past that $0.79 HOD level up to $1.10 or $1.50. Took a position at 0.75 and ended up cutting once it dropped below 0.68. Hindsight is 20/20, but should've waited until near the market close to decide to enter that position. Still on watch for the week however. Solid trade, good risk management, thesis was just wrong. On to the next play.