Happy Hump Day! Today was a down day for me as I lost on CAPN first thing this morning. I lost roughly $20 as it failed to bounce after tanking from the PM spike. As soon as I sold, I realized I missed my entry point in MNKD at $1 like I mentioned in my watch list last night. I did think after the initial spike that it found support at $1.10 and $1.11 where I entered and then it faded the rest of the day. I do still think this could spike in the morning and I’ll look to sell into that. If not, I’ll cut my losses quickly and move on. I’m going back to the dealership today and hopefully the 3^rd time is a charm so stay tuned for my watch list later tonight. Here’s a recap of what happened today. Thanks!

 

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TGD – Today I finally sold my position in TGD and made a nice 25% or $131 on my swing trade. I still think this can get above $0.14 tomorrow and maybe even $0.15 or higher but I took my profits like I said I would in my watch list. I’ll continue to watch this, but I’m not too sure how much upside this has left. Glad I sold yesterday as this dropped a little today but then closed pretty much even. I’m still going to watch this to see if we can get some momentum.

 

NXTD – I’ll watch this to see if it can get back down to the mid $0.60’. If it does and holds in those levels, I’ll look to buy that dip. We did see a spike into close today, which was most likely shorts covering prior to close. I don’t see this breaking past $1 tomorrow. Didn’t quite get to the levels I was looking for even though it closed strong. I’ll still wait for those levels to see if we can get a nice bounce. Maybe we found some support at $0.77 so I’ll look for it to hold that level.

 

UNIS – So close to that $1 resistance where it’s attempted and failed twice. If it fails again tomorrow this could drop back down to below $0.80. Only a few more days before the news comes out so let’s see what happens here in the next few days. This did drop however not quite into the $0.80’s. We may get there tomorrow but we should be hearing news here in the next day or two so lets wait to see if it’s positive or negative.

 

MNKD – New to my list, this finally broke past the $0.90 resistance and almost reached $1. If this can break out past $1 tomorrow morning, I’ll look to buy as I see roughly $0.50-$1 of upside and only $0.25 or so of downside. Not the greatest risk reward but I would cut my losses if it failed to spike. Keep an eye out on this. I’m really upset about this however I did call it. After getting into CAPN this morning and losing a few bucks, I jumped back to MNKD and saw that I missed my entry at $1. As it started dropping, I thought it found some support in the $1.10-$1.11 range and bought there. It faded the rest of the day and I ended up holding into close. It’s up a little in AH and I may try to get out tonight. If not, I’ll look to get out first thing in the morning. I do think this can still spike a little tomorrow morning but if not, I’ll look to cut my losses quickly.