Biocept Inc.

Friday February 27th, 2015

BIOC

BIOC

On February 23rd, 2015 I noticed that a company called Biocept Inc. had broken it's yearly high. Without doing any research on the company, I decided to short sell the company. I short sold the company at $2.26 and then later on in the day, I noticed that the company was continue to go up, once this hit I decided to buy to cover at $2.90. I had 10,000 shares of that company. This was one of my big looses. Earlier in that day I also lost money in BIOC, because I bought it high and lost some money. So using this as long at it surpassing its 52 week high, I assumed it would continue to go down and I was hoping I could make some money. I quickly realized that it would be a good idea to look into companies before investing in it. Later on that day, I decided to look into the company I found that "Biocept Inc. (NASDAQ: BIOC) announced that its blood-based diagnostic, was used to determine hormonal status of metastatic breast cancer patients in a prospective study at Columbia University in New York." After seeing this, I immediately understood why it went through the roof.