thought of re-shorting, but this stock was a major runner the day before so I didn't want to end up blowing up. Cut my losses.
Studied the chart again and though if it breaks the 7.20 level I will short again.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-11 13:15:00 | DGLY | sell | $7.310 | short |
2014-07-11 13:23:00 | DGLY | buy | $7.370 | 0 |
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With this stock, your stop needed to be a bit loose. Maybe .15 to .20c stop.