Shorted on the bear flag but got stopped spooked when it started grinding and popped a little. I had about a .15 risk at 5.20 but didn't respect it. When I covered I went long due to the grinding action thinking a late day short squeeze since it was Friday. Obviously looking back I should have stuck with my original plan.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-21 14:15:21 | CANF | sell | $5.050 | short |
2014-11-21 15:18:57 | CANF | buy | $5.068 | short |
2014-11-21 15:18:57 | CANF | buy | $5.065 | short |
2014-11-21 15:19:00 | CANF | buy | $5.069 | 0 |
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Come on now you know that is way too extended too short you just shorted and $.80 drop on a $5 stock that is 20%