It was making a series of higher lows. I was testing this stock out by trading small shares and scaling my way in. The range was getting tighter so started to add more size. Really thought I had this one. PUMP AND DUMP!!
RISING WEDGE PATTERN This stock was a short the whole time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-19 12:28:04 | JUNO | buy | $38.180 | long |
2014-12-19 12:30:15 | JUNO | buy | $38.260 | long |
2014-12-19 12:31:55 | JUNO | sell | $37.850 | 0 |
2014-12-19 13:08:33 | JUNO | buy | $38.280 | long |
2014-12-19 13:16:10 | JUNO | sell | $38.100 | 0 |
2014-12-19 13:17:06 | JUNO | buy | $38.240 | long |
2014-12-19 13:22:41 | JUNO | buy | $38.600 | long |
2014-12-19 13:35:08 | JUNO | sell | $37.920 | 0 |
2014-12-19 13:36:04 | JUNO | buy | $38.150 | long |
2014-12-19 14:03:51 | JUNO | buy | $38.020 | long |
2014-12-19 14:06:44 | JUNO | sell | $37.851 | 0 |
You are right. I saw that too. With this being a IPO stock I really should not have put such high expectation on this stock going higher.
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Although I can't short this one I see it was bear flagging on 5m and 30m. When you have reasonable setups for both long and short at the same time it could go either way. So the probability for your long position might be not as high as you thought it was.