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gregr

 

EBAY

Jan 17, 2013 09:37


Tags:

earnings

Important pre-market levels looked like 54.00 and 54.50. Bought after a pop and a pullback to 54.50; sold half near the highs, and stopped out on a huge (and instantaneous) downtick. Thought that might just be a fluke, so bought again with a stop just under that downtick price - ended up stopping out entire position, quite a beating. Traded in a range after that, looking for a place to re-enter.

Seemed to be knocking out a range between 54.20 and 54.45, so bought near the bottom of that range. Ended up stopping out when it broke below .20. Rebought on a downtick near 54.00; sold half of that into the immediate pop, held remainder with stop below 54.00. Sold remainder just after touching 54.70, as I thought it likely that we'd possibly fail, and more probably pull back before breaking to new highs.

It came back down to 54.00 later around 10:35; I didn't like it, as it seemed to trade down there on increasing volume...but in hindsight, that level held, and would have been a great place to get long again.


Execution detail:

Date/time Symbol Side Price Position
2013-01-17 09:37:44 EBAY buy $54.550 long
2013-01-17 09:37:44 EBAY buy $54.550 long
2013-01-17 09:39:04 EBAY sell $54.760 long
2013-01-17 09:39:21 EBAY sell $54.310 0
2013-01-17 09:39:42 EBAY buy $54.520 long
2013-01-17 09:39:42 EBAY buy $54.520 long
2013-01-17 09:41:29 EBAY sell $54.230 long
2013-01-17 09:41:29 EBAY sell $54.230 0
2013-01-17 09:58:34 EBAY buy $54.230 long
2013-01-17 09:58:34 EBAY buy $54.230 long
2013-01-17 10:00:00 EBAY sell $54.150 0
2013-01-17 10:00:13 EBAY buy $54.030 long
2013-01-17 10:00:13 EBAY buy $54.030 long
2013-01-17 10:00:50 EBAY sell $54.180 long
2013-01-17 10:19:31 EBAY sell $54.650 0


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