Trading Log : DRJ, RJET, BCRX
#1 Dreams, Inc. (DRJ) is engaged in the manufacturing, distributing, retailing and selling of sports licensed products, memorabilia and acrylic display cases via multiple channels.
DRJ is the latest pump running up from 0.40$ to 1.74$ in few trading days. I shorted today on some early weakness.
Shorted DRJ @1.70 and covered DRJ @1.60 (got out way too early). Dropped to $1.40 today
#2 Republic Airways Holdings Inc. operates three airlines: Chautauqua Airlines, Inc., (Chautauqua Airlines), Republic Airline Inc. (Republic Airline) and Shuttle America Corporation (Shuttle America)
RJET has been running up from 5.00$ support to $9.50. Today morning it showed weakness along with overall market. I shorted RJET @9.15 hoping for breakdown below 9.00$. However 9.00$ held as great support and never plunged below it. I covered at @9.13
#3 BioCryst Pharmaceuticals, Inc. (BCRX) is a biotechnology company that designs, optimizes and develops drugs that block enzymes involved in cancer, viral infections and autoimmune diseases.
Shorted BCRX @12.91 which is now the upper channel of its trading range. This was purely scalp trade and i covered @12.81