Another calm day today?... Not really LOL. We finished pretty much like S&P, same negative -0.4% or -0.5%. Huge sell off in the morning and relatively quiet the rest of the day. Traders calmed down and started looking for some bargain deals. So did we. 3 sells vs. 3 buys.
We closed DPDW (20% profit), reduced GLUU by 1/3 (20% profit) and booked nice 50% profit from 1/3 RAMS - sell limit order was triggered during the morning panic (see my previous post). New positions we initiated: bank TSFG, pharma EPCT which I was getting several times on my 'buy' screen recently but was waiting for a little bit pullback for better entry, and PTN - we sold yesterday for 0.423 and bought back today for 0.3946. Not a huge difference, but I was afraid of PTN exploding further up. $5M investment from AstraZeneca is the best indirect evidence of that PTN story is just starting, not ending.
That's it for today. I don't have anything else to add. Generally speaking I am very happy with SDS protection and that so far we are deflating with the speed of S&P, not faster. When the positive trend up continues, we will be ready to embrace it :) So, lets focus on portfolio further rebalancing, cleaning, and profit taking.
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