Not sure why this didn't work, thought conditions were good but stock had been hot lately maybe had run down too much to continue.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-09-15 12:15:23 | NETE | buy | $4.050 | long |
2014-09-15 12:15:26 | NETE | buy | $4.050 | long |
2014-09-15 12:26:59 | NETE | sell | $3.900 | long |
2014-09-15 12:27:00 | NETE | sell | $3.900 | long |
2014-09-15 12:27:00 | NETE | sell | $3.900 | 0 |
I thought the same thing...entered @ 4.1 and stopped out @ 3.8.
Overall market very hostile to momentum stocks yesterday
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I was watching this one. Didn't buy though. These often work. Other times they move the price up just a bit, clears out a bunch of stops ( that were probably at 4-4.01) and then the move is made.