Swing Trading Strategies & Stock Picks Since 2003

Sorry for all the "bookkeeping" comments today, doing a lot of transactions in individual stocks.
I am both long and short Sequenom (SQNM), over weighting one side or the other depending on where the stock is on the chart. As the stock fell below $14 I began overweighting this name in a large way on the long side - suffered for a few days. But now we've seen a nice rally from $12.50s to $16.25s in the past two weeks (30%) so I am going to cut most of my long position here, taking this down from 2.5% to 0.3% stake, selling around $16.30. The stock is quickly approaching resistance (near $17) so I plan to add to the short side if it gets up there. Someone more precise than me might wait to sell until $16.90 or so, but this is good enough considering where we entered much of the position.
If it breaks through $17.50 to the upside in the coming weeks, I'll cover the short and go all in long... this is one of my favorite names (long) but since it is so volatile I'm trying to make money on both the long and short side until this becomes a more stable stock. The stock movements are so arbitrary in this stock - hence why I have been hedging the long position along the way - saved us a lot of dough as the stock cratered.
At this point I have a 0.3% long position (just booking a very nice profit on) and 1.0% short position that I'm down on - I will be adding to the short side if we get closer to target listed above.
Long/short Sequenom in fund; no personal position