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Up on Japanese patent and phase II trial news, not very significant, but biotechs have been running on weak news lately, bought on dip pre-market near long-term support at $1, hoping for morning spike to pre-market high around 1.20, risking pre-market support at $1.93ish. Sudden drop right before market open scared me a little, after failed spike attempt a couple of minutes after open I cut my losses.

Shorted first red day after multi-week uptrending. Big afternoon panic and I really caught it too late, but shorted late-day bounce when it had a decent crack after hitting 8.55, hoping to cover around 8. I should have waited to get into this trade, my first thought was to wait for a bounce to 8.75ish where there was longer-term resistance, eventually the top was about 10 cents above there and would have made for a good overnight short.

This was a runner yesterday, had earnings today but had gapped down, little spike at the open and I bought at support level from yesterday hoping for spike at least to R/G. This is not the kind of earnings play to buy, not sure why I thought it was a good idea, cut my losses when I was done convincing myself. Need to focus on way better plays than this.

Former runner gapped up on earnings and I tried buying small dip at the open but missed it by a few seconds for a nice nearly $1/share spike. Came all the way back to original dip level so I tried getting in for possible follow up. This never works, and continued here, it got slammed down too far and too fast to think there would be a follow-up spike. I got out for a small loss after weak bounce attempt was failing

Second red day after pretty big bounce on this former supernova, volume is weak. Shorting bounce after hitting low of 3.50, will cut losses if it goes green. Had a nice crack down to 3.60 then bounced, I held thinking it wouldn't get back to previous 3.70 support, but big buyers came in and it did so I took my tiny profit. Turned out to be a fakeout just to 3.72 and I was on the right track as I could have covered in the low 3.50s later in the day.

Big gap up on news I don't even understand, but it was a former runner getting good volume so took a speculative position on dip at market open down to after-hours support. Just gave it a few minutes for a bounce, but was making lower highs so went ahead and took small loss. Timing was again the issue, got the bottom almost exactly, and delayed spike to 4 half an hour later.

Bought pre-market gap-up on continued momentum from recent run, hoping for another morning spike to sell into, hopefully around 5. Risking pre-market support level around 4.30. This was very volatile at the open and tried to spike, but failed at pre-market resistance around 4.60, I followed my plan and cut losses at my risk before big drop. This was probably too overextended to hope for further momentum, especially with overall market slowing lately.

Broke out past previous resistance in 3.75 area, news came out this morning that they received European patent for drug. Liked that it was holding above breakout area for a few minutes so speculative buy looking for spike past 4. This had some weird price action after a few minutes, looked like several misprints in the low 3s, then a definite drop below 3.75 so I got out for small loss.
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