I was watching the Time and Sales on this one and there was a helluva battle going on between the bulls and bears. I thought that the bottom had been established and this was on its way to a reversal. Tight stop so little risk.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-07 13:54:13 | GTAT | buy | $17.010 | long |
2014-07-07 14:29:41 | GTAT | sell | $16.940 | 0 |
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Stock got hit with bad news..why not take a short position especially with the overall market pulling back some today..