Plays for May 11

Five longs for tomorrow.

DNDN 5.54 FDA wants more info

CCRT 33.22 hit by earnings

SOMX 14.39 it's new drug application delayed

CRIS 1.42 been going down for a while

CFUL 2.81 otcbb again, from today

Entered trigger to buy CCRT at 33.26 stop 32.60

Entered trigger to buy SOMX at 14.41 stop 14.12

Today's recap:
BRNC was up for over 2 hours before the market down draft took it down along with everything else, lost 0.03

SIGA stopped out for a loss of 0.07

CTSH acted very strong, green from the start and finished +0.5%, moved stop up to slightly above break even and covered commish. May run under better market conditions so keep it on watchlist.

Lesson learned is when the whole market is tanking big and you have a winning position, best to tighten stop to breakeven or better instead of a 2-3% stop loss because the sinking tide will take down all boats.

Chasing momo:
VII in 9.60 out 10.43 caught the earnings release spike, perfect execution both entry and exit.

MAMA in 5.45 out 5.45 was underwater until the last hour and broke even, got lucky again because earnings released afterhour and it tanked.

TEXG in 3.13 out 3.26 from loki's headsup, awfull execution, all set to enter on a cross of 3 but didn't get in til 3.13