Closed TKMR

TKMR gapped pre-market.  I generally do not view that as a positive sign and felt this was a prime candidate to pop and drop.  I sold out pre-market @24.85 and 25 for small gains. This was a risk management exit. 

Opened: TKMR

TKMR got hit with a valuation downgrade and got smacked very badly.  My lack of trust in this stock is the reason I took profits on Friday on the last swing.  Today I re-bought at 24.80.  I liked that it had bounced off the 10MA.  My trade looked like it would be solid winner, until it got hit with late day selling.  Bounce or out? Still to be determined. 

Stop at 10MA. 

TKMR one more swing.

So it was a busy day for me.  I entered TKMR @ 27.95 (fishhook entry) and exited at 29.75 for a $1.80 gain (6.5%).  .6 R

Why sell?  There's a lot of hype and a lot of things can happen over the weekend.  When I'm on this type of a winning streak I need to remind myself. Don't be greedy, sell into strength.  

TKMR trade summary

I opened up TKMR at 21.40 as it bounced it met the 26 MA and bounced. I figured this would present a decent entry in a stock that that has been moving significantly on the Ebola outbreak news.  I was listening to NPR on the way into work. They were talking about live trials beginning in November.  TKMR was also successfully used in Nebraska. 

This entry allowed a tight stop a close below the 26 MA and I'm out. 

Aftermath:  I do not typically update my trading journal until the evening.  There was a very significant event for TKMR.  The first case of Ebola was diagnosed in the US.  This news broke in the after-hours.  (although on the drudge report during the trading day there was a headline suspected Ebola Case in Texas)  .  This news had nothing to do with my entry.  But every thing to do with the profit I enjoyed.  

 A very large move resulted. I sold at 25.02.    which in all honesty I played horribly for several reasons.  First, the Premarket pop took it over 28.  Premarket can often be the best time to exit a position. But this type of news had staying power so I held.  The problem was I was traveling and unable to get a sense of the broader market.  As TKMR came in I just sold rather than risk all my profits evaporate.  

Profit $3.62  2R.