Play: News
News came about EBOLA, every ebola stock had ripped. Picked this one because it had news in the morning and had a lot of shorts so thought we could get a nice squeeze on it. Turns out it was the weakest one of the 4 major ones. Waited for a flag on the 1mn to see if it was going to hold its low. Got in when it seemed to rip but stalled. Added by mistake but sold at VWAP first target as resistance and had big seller there. Sold second share in rip higher and sold last at stop price which I put under support.
Reasons to sell: VWAP, continued spike, and on support/9ema
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-23 14:58:00 | VSR | buy | $3.370 | long |
2014-10-23 15:04:44 | VSR | buy | $3.430 | long |
2014-10-23 15:15:43 | VSR | sell | $3.470 | long |
2014-10-23 15:17:49 | VSR | sell | $3.540 | long |
2014-10-23 15:33:16 | VSR | sell | $3.450 | 0 |
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love the rational! the sympathy play! it was a bit high of an entry but when a big news piece comes out.. often ur not gonna be the first one to see it and get it at the base.. i like wherte ure head was at alert and thinking of the angles