I saw the chart of GILD and thought that it had made a day and a half run-up without much profit-taking. Basically since 10:30 am yesterday morning it has been running up based on a press-release that its HIV drug has been successful mid-stage. That's good news, for the stock and for the patients, but some profit should be taken off the move, I'd say. I took a double position short and right now I'm getting my head handed to me in the short-term... down $300. But, I have a slightly different timeframe on this paper-trade. More than my normal few minutes! Right now, I'm about to see if it will double-top or bust through to HOD. I'm curious if my instincts were correct for a swing-trade here.
It took a while to get this typed and uploaded... the stock did hit HOD but is hanging there, down roughly $350 to $400. I can't sit here and watch it because I must attend to a construction issue here at the home. If it drops, I will just assume I would have taken profits. If it surges, I'll assume I got crushed in the short-term and will hold to see what happens longer term
