you're partially right. I took a 10% gain, which is nice for only holding the stock 1 day.
The reason I have to bail is because next earnings won't be good and cash is lower than I thought at $5.30 per share. I thought it was $5.60
There's a $1 downside to ECYT over the next quarter.
I may take another stab at this if it falls under $6 again, but seemed risky to watch it keep falling so $6 to $6.60 is a win for me.