A A Big PRE gd, cut Q and Y guidance. Looking for continuation of pM bounce. Strong vol and bids stepping up.
In first two minutes stock opened on low vol and dropped to pM flag area and bounced back quickly. Then volume and price action picked up. Bids stepping up. LE on pullback.
Exit on overshoot of 57.50 (aH R). Offer queued up and hit, HOM 57.80.
Added on pb, exit add portion on price action stepping lower.
Flat on flag bd to lower L.
Next time, this is more of a scalp trade, exit more into pop and think twice before adding, be quicker to exit add and going flat.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-10 09:33:03 | LL | buy | $55.390 | long |
2014-07-10 09:36:47 | LL | sell | $57.550 | long |
2014-07-10 09:43:28 | LL | buy | $56.710 | long |
2014-07-10 09:46:53 | LL | sell | $56.590 | long |
2014-07-10 09:54:29 | LL | sell | $55.710 | 0 |
Those morning pops usually fade back so would not have added unless I felt like the pullback was orderly and was going to bounce.
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Nice catch!