RDUS trade for 1/21 – 1/22/2016

Posted By JM on Jan 22, 2016 | 0 comments

We took a small long swing overnight position in $RDUS (RadiusHealth stock) late at the market close yesterday due to extreme technical selling. Plus we felt the biotech index would bounce today. We unloaded it premarket and right at the opening for an easy stress-free trade. $RDUS came back down again later during the morning and we bottom picked it off the dead lows and scalped it for an easy +$1.39 gain in a matter of minutes. Selling was probably just a forced fund dump as we did not see any put activity to indicate the stock should go down fundamentally.

Net profit +$3389 on two trades. Today we also shorted many oil-related stocks like $GLNG and $CRZO on the overbought 2 day rally in oil prices (+19% bounce) for some big profits.


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