pM news: considering selling or shutting down baseband division. listened to concall.
Right on the open, weak and holding below VWAP and pM level of 36.00
Put in offer at 35.76 after drop to 35.50.
After it dropped and popped back up, I forgot resting offer and hit bid of 35.73
Feeling nervous about too large size, cut size.
First exit as it approached 35.00
09:46 Move stop on remainder to 35.12
Feeling generally nervous, can only focus on this one stock
even though many stocks on my watchlist are moving
09:50 Move stop to 34.91
bids absorbing selling and stepping up from .60 to .66
09:54 get out 34.74
a bit torn since it hadn't hit my 34.91 stop
next time, could consider scaling out another half and holding rest for 34.00 area
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-02 09:32:36 | BRCM | sell | $35.730 | short |
2014-06-02 09:32:36 | BRCM | sell | $35.760 | short |
2014-06-02 09:35:02 | BRCM | buy | $35.860 | short |
2014-06-02 09:42:44 | BRCM | buy | $35.080 | short |
2014-06-02 09:54:31 | BRCM | buy | $34.740 | 0 |
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