CLTX - Long

Not really sure what the catalyst was but I think it was about CLTX had reached a securities purchase agreement for a private placement with a select group of investors. CLTX was up 68 % yesterday.

The stock didn't really do much until 11.30 AM when the volume came in. I didn't look at the stock until later on the day. I considered buying on the dips but wasn't sure.

When the stock came back over $3 again it caught my eyes. Day high was at $3.22, could it break it? The volume came in and I bought at $3.02. Sure enough it broke through $3.22 and spiked to $3.70 and came down a bit. For a while it seemed to have a difficult time to get over $3.60 so I took safe profits and was out at $3.50.

CLTX closed at $3.95 and as I'm typing this, it is at $4.93 after hours.

Biotech companies tend to spike a lot so this could really spike tomorrow. But TOO risky to hold overnight. I'm out with nearly 16 % profit.
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