Shared by
jmos_BOWS
Play: Bear flag/triple tap
Gapped down, had SSR on so had to be careful. Missed original flush and had kind of forgot about it. Kept seeing those big spikes which were not very convincing and probably algo's picking out stops so wanted to stay away but triple tap really looked good. Didn't get stopped out on that wick as stop was in proper place (by pennies). Thought this could be the shake out before some type of flush. When it wasn't going anywhere, I sold as I didn't want to get stuck in a squeeze and wasn't sure what was going on anymore.
In hindsight, I could have squeezed 10cents out of it but the lack of movement made me cautious.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-06-10 11:44:56 | FRAN | sell | $13.250 | short |
| 2014-06-10 11:58:10 | FRAN | buy | $13.240 | 0 |
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Worth a shot intrday off the bear flag