MNKD had begun the morning with a dollar+ G2R move. I watched as it then made a 50% relief bounce and put my short in when it met resistance at the 9EMA. I covered 3/4 shares into the next flush and then the last bit near the ten dollar mark since I expected a fight there. $198 gain
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-05 10:35:01 | MNKD | sell | $10.470 | short |
2014-06-05 10:38:17 | MNKD | buy | $10.270 | short |
2014-06-05 10:53:06 | MNKD | buy | $10.080 | 0 |
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Well played!