SHORT SWING POSITION: Bear flag setup on the daily. Stop is placed at $1.84 above the flag high. Targets are $1.52 and $1.28. Corresponding R/Rs are 2.2 and 4.6 respectively.
12/16/2014: Took some profit at $1.64.
12/19/2014: Came back and hit my stop, all out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-08 10:00:00 | PIP | sell | $1.740 | short |
2014-12-16 09:31:00 | PIP | buy | $1.640 | short |
2014-12-19 11:41:00 | PIP | buy | $1.750 | 0 |
What's "these"? Stocks that have a history of gapping up? Under $5 stocks? Low volume stocks?
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shorting these is spiky.. they also can gap up with these news!