ADRX.. PLUG, PHCM
ADRX has done fantastic. It has come back from a rather steep correction. Closer to earnings the more it moves up I find I'm holding more drug and biotechs and 'value/growth' techs.. PHCM was my first 'net' stock in a while
techstocks.com
PLUG.. when you see the trade is going against you, don't fight it. This morning I saw my PLUG moving up but held on the short position quite a while thinking I would win. PLUG was at 7% of day high, and really wanting to move down, when it changed course..I gave up, covered and went long. Lost 3 gained 5 not that great but could have been down 8 just as easily had I not changed course. In this market there is no ego, no martyrdom, no fighting the trend. If you are wrong, things won't 'be better tomorrow'.. change course, reverse and ride the direction of the rapids, up or down.
I've got trader acquaintances who shorted PHCM through earnings and I decided not to do anything, kept quiet, until I saw the trend today. Trend looked good and decided to gamble. That's not what I usually adovocate, but when the market is rewarding good earnings so well lately, sometimes you just take the chance. Take only a small position because if it goes well, it will go very well and even a few hundred shares will go far, but if it goes back you don't get hit as much. |
