Exited $CAPR

I’ve been a $CAPR bull for a while now and continue to like their pipeline with several potential value drivers coming up. However, I decided to exit out of my swing using Friday’s spike. Was holding 60K shares @ $4.88 avg going into Friday. Scaled out nicely @ avg $5.28 (hod was in $5.60s) so booked about $24K in gains. Two reasons for the exit:

  • Position had gotten very overweight in this account to a degree that it was getting a bit unhealthy for my overall holdings

  • Complete radio silence from the company on providing any information around either the Covid trial or the DMD program

Earnings will likely come out early Aug and I wouldn’t want that type of exposure going into earnings. Best to hold onto the shares I still have in my IRA, see what the corporate update is on the earnings call and then re-assess as a fresh potential trade in this account.

Used some of the proceeds to buy a position in $AKTX for a swing. I had got shaken out of my position when I tried to swing it earlier in June by a funding deal with Aspire but currently chart seems to be holding up as if news coming. Several catalysts seem looming with updates due on their eye program, Covid trials, etc.

Adjustments.jpeg

Got about 2/3 of NAV in cash. Been researching over the weekend for some new swing ideas to start watching next week.