Flat trade. I took this because Maribeth tweeted of this stock squeezing. Looking back it was just a little pullback/bear flag. Not a very smart trade. When entering, I was actually concerned about about the price resistance I saw around the $3.95 area on the daily chart.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-03 10:40:00 | SQNM | buy | $3.870 | long |
2014-12-03 11:00:00 | SQNM | sell | $3.870 | 0 |
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Usually when stocks fade hard at the open. They fade the rest of the day, so any bounce is really meant to be a scalp trade, or you could take the short trade.