Small profit, $13.81. The price was at a support level so I bought. Kunal had just shorted right before I bought, but I thought it was a buy. Looks like we were both correct.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-12 12:58:00 | CALA | buy | $23.450 | long |
2014-12-12 13:13:00 | CALA | sell | $23.730 | long |
2014-12-12 13:21:00 | CALA | sell | $23.500 | 0 |
Yeah, I knew why Kunal shorted. I still bought. It's amazing how it went up over 6 dollars in the end of the day... I wish I had caught it.
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The reason Kunal shorted this is because its a parabolic move on the daily chart. Its piercing through the bollinger band on the daily chart as well. The stock has been up five days in a row. Ideally you want to look for the short setup