SVVC - the lows are in?

SVVC - my big long has so far not worked out, although today could well be the turning point.

It's been a slow grind down since dilution, but this mornings wash may prove to be the bottom, it will probably close green today. I am still confident of my overall thesis, but I expected SVVC to be running straight away, similar to how GSVC reacted to its first dilution. Some reasons for this:

• The surprise increase in capital raising has taken away potential SVVC buyers.
• GSVC have not closed their offering, thus taking away potential SVVC buyers.
• FB rumoured to delay offering by up to 2 weeks.

Some trading mistakes I have made, taking too large a position before it proved itself, should have went perhaps 1/2  on dilution day, 1/2 on a break ($27 o rbig green day) or a wash. Instead I day traded random, and kept large starter. Did get some on today's wash though. Need to be extra careful when I am really confident about an idea, always need to trade the action.


Will keep a stop at $25 now. And buy more on the $27 break.


Open Trades Short
VRML, MBLTY, GTIM, HUSA, CLNT 

Open Trades Long
UNIS, CLDX, HZNP, ALXA, SVVC

April Returns,  -3.6%