Light trading day on friday, but ended up losing 1.1k in a down market. Took off usual friday afternoon as don’t like that trading time overall because too much manipulation overall. 10/15 MNKD 10k 5.77, sold 7k 5.62, lost 1k. MNKD was a swing long trade from 10/15, that I said to myself if it closed green, would try and keep it for multiple days. It closed the prior day at 5.88, and was up on it to start the day, but the stock continues to be very weak since they annouced no potential partnership from prior week until next year or FDA decision. MNKD is oversold, and was thinking if it could close green for a day maybe it can get an oversold bounce, but the overall market gapping down 100 points did not help the name, and I took shares off the table for loss. HOWEVER, I kept 3k long term shares and willing to scale into name a bit for reasons to be explained in seperate blog post. Not the best trade ever done by me considering up almost 2k the day prior at one point, and hate turning gains into losses, even if the loss is small. 10/16 BIDU 300 shares 400.44, out 399.88, lost 150. Complete throw away trade, done entirely off GOOG earnings and it’s strength all day. Figured knowing BIDU, if the market turned, BIDU may catch up a bit, the market never did, and truthfully, BIDU would have moved by mid morning if it were to partipate with GOOG, which it never did. Ho hum blah trade. Looking forward to monday trading. Welsh
Recapping 10/16 Trades MNKD, BIDU