Risk to get caught with this stock? Are we talking about shorts? Because that is the only risk I have seen is if your short here. Maybe your confusing FITX and PHOT and meant to post over there.
I do not disagree with this analysis. It all depends on your investment time horizon. If you are holding long-term, then it was a bad call. If you are short-term, tactical trader, then your approach was a good one.