Came up on the premarket gap list and it was trading on light volume and had a history of giving up the gains. I found borrows and decided to wait until after the push I waited too long and missed the first major drop and shorted at the bottom. I knew it was still over 100% above yesterdays's close and any drop like that can't run up towards HOD so I shorted and took half my shares out at 50 cents. It curled back up and dropped again and I wanted to reduce my risk so I covered half of my remaining shares at 25 cents. I held the rest and it flushed down in the last hour. I'm holding over night.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-11-13 09:45:17 | NSYS | sell | $5.500 | short |
2019-11-13 09:58:58 | NSYS | buy | $5.000 | short |
2019-11-13 10:52:31 | NSYS | buy | $5.250 | short |
2019-11-21 14:24:32 | NSYS | buy | $4.340 | 0 |
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