OWC Pharmaceutical Research Corp (OWCP)

[Triple9]

I don't like to be stressed about my biotech stocks, so my ideal trading plan for stocks like $OWCP goes something like this (using nice round numbers for easy math):

Buy 1,000 @ $10.00 = $10,000

Sell 100 @ $11; Sell 100 @ $11.50; Sell 100 @ $12; Sell 100 @ $12.50 and Sell 100 @ $13 = $6,000.

Now I essentially have 500 for $4,000 or 500 shares @ $8. I won't be so stressed about my 500 shares during swings. I have a very comfortable cushion and, if the stock drops to $9, I might even be a buyer again.

I traded all the Canadian LP MJ stocks this way and it was very low stress.

All depends of course. OWCP has a lot of moving parts to keep track of. Generally speaking, you have to know what the company is doing and watch for News and employ Alerts.

Always good to have a plan with contingencies too. I will admit that this trading strategy has left a lot of money on the table, however. It is painful to calculate sometimes so I try not to think about it. : (

For example, I've been trading Z*NE this way and I just have a bit left now and, surprise, it got new coverage with a higher price target. Doh!