CYTK, a stock that was on my list from a few days ago for a continuation over $10.84, took off and made a nice run to $13ish over a few days. Nice run, about 20% from the call, but I never swing these things overnight because you never know what could happen. This morning they released news that their primary drug failed clinical trials: http://ift.tt/1pymwPR
Stock is now crushed to $5.00. Just like that! POOF!
So be aware when I say be careful on these swing trades and calls that I post. They are RISKY if you're swinging them! Don't buy into hype. Just a word of advice :)
On the other hand, I'll be watching CYTK for shorts today now lol
Hope everyone's having a great week!
Submitted April 25, 2014 at 09:04AM by greenbartrading http://ift.tt/1pymxmW
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