Today we had a handful of gappers including $TBIO and $DCTH and $PBMD. I was most interested in $TBIO long out of the gates over 2.92 but in pre-market session the stock surged up all the way to 3.30. I decided to wait to buy until the market opened and in this case it meant paying a much higher price. I bought at 3.30 right out of the open and road through the pop to 3.44 and sold it flat on the way back down.
I came back and took a few more stabs at $TBIO but in total only pulled about $200 profit out of the name. I decided to call it a day. If I can’t pull quick profits in the first 15-20minutes it usually indicates the day will be a bit choppier for me. The name out of the gates that I missed was $DCTH. This was I said I liked long over 1.40, and then over 1.44 once the stock popped up a bit more before the open. Right out of the gates it surged from 1.44 to 1.92. I missed the quick 48 cent pop on a super cheap stock. What a disapointment! I was more focused on $TBIO out of the gates because there was more volume. Unfortunately I missed the big mover. I’m ending the week with nice profits and will be excited to come back first thing on Monday morning.