Failed RCT. Cancer news break which typically creates great runs with volume but this one just died out. Cut losses quickly.
News came out at 7am the company had positive preclinical data on their drugs reach and activity in major pancreatic cancer metastatic sites. Stock went from 4.50 to 28 in 5 min. Came back down to 12 and I saw it start to ramp up and got in. Should've sold near 16, but thought it could go more given the volume coming in the range from 4-28. Glad I got out when I did, before the hard drop to 5.50. Cut losses quickly!
Saw this cancer news PR drop and this pre runner moved 10 dollars quick. Will take smaller size and catch a dollar move for a fast in and out trade. I cam to this a little late but saw it was moving dollars very quickly. I took the third leg up. I did chase here so I could have been burned. Be very careful of these first day pre runners. They can get you.
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