SmurfVA's Random Picks

[Ned Serious]

Reason to Believe : I'm holding the stocks that I'm holding for a reason. Each one had a reason to believe in them upcoming in a period of a few days to at most a few months. At the moment, I'm trading stocks, day trades to swing trades. I'm not holding for the long haul with the ones I have. With that said, each are down about 14-21%, and that's not good. My time-frames may have to adjust.

However, with each, I have a reason to believe. So am holding still, and will crawl back one by one, until each reason has been fulfilled.

The IBB was down about 17% from its peak early this AM. 20% is considered Bear Market territory. I believe that all my holdings were hit bad by the IBB/overall markets, and yes they can go down further, a LOT, but they also have a reason to believe in them.

I didn't follow my rules for cutting them, that's on me, and that's a lesson I'm still learning and working on. Maybe now instead of seeing the profit that I wanted out of them, I'll be looking to break even at BEST for some and other still have hope for a little gain. That in of itself would be positive.

A suggestion is for everyone to re-evaluate where you are with your positions and if each still has their reason.

IDRA : Data coming soon, I believe it will be positive.

ETRM: I believe a runup into June Adcom at some point. Very oversold.

SYN: Pertussis data supposedly to be released very soon, may have been pushed back. Not sure, that's temporarily bad, but Conf Call on Monday and late April catalyst.

ELTP: Patent News, launch of another BE trial, Filing of CB-30 for Isradipine

RGDX: Will be the first one that I cut most likely. The company just doesn't give updates it seems other than their conf call and they do it all at once. Still waiting on NY license and other info. Then again, its just making a double-bottom on the daily.

The Boss - Reason to Believe