Shared by
Defy
Just playing off sector weakness. this was still on the watchlist from yesterday. Was one of the only names in the space that had gapped up. It was due to news on being selected to provide a solid rocket motor.
My thought was this and its move and with no new news regarding the potential war with IRAN, it will pullback. came back a lot lower then expected but happy with the execution.
took starter position and didnt add, I wanted to give it time to work. once I seen the volume decrease I did consider adding but ended up just sticking with positon.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-07 09:40:00 | AJRD | sell | $51.930 | short |
| 2020-01-07 09:51:00 | AJRD | buy | $51.399 | 0 |
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