Play: Flag
Stock was overextended on daily so was short bias but no shorts in clique. It opened strong and then broke down once again. However, as it held its lows and the gap, and started making higher lows, i got interested in it for the short squeeze. Waited till it came to HOD area. It was too extended the first time so waited for it to either consolidate or form a double top. When it held the VWAP and started going, I got in for breaking the HOD which it did. Sold into the spike, missed selling some at semi-round # (couldn't get filled every time i put in my price..wonder why lol) then started to look like a break down and stopped me out at buy price and obviously missed on the big run up. Once again, its either I take some heat and have a base hit turn into a 0$ trade/small loser or I keep base hit. Still working on that.
Reasons to sell: spike buy price
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-25 10:12:58 | BIOC | buy | $4.345 | long |
2015-02-25 10:13:05 | BIOC | sell | $4.440 | long |
2015-02-25 10:19:31 | BIOC | sell | $4.355 | 0 |
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