PLAY: Flag breakdown
Stock was overextended on the daily, opened strong and seemed to put in a top. It was making lower highs so once it looked like it was going to crack, i got short for the fade. Never happened, too crowded and snapped back. The instant it didn't work and started holding, I should have covered as if this is suppose to crack, it should be fast especially with that much volume in the morning IMO.
Reasons to sell:stop loss
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-27 09:51:33 | CYCC | sell | $1.620 | short |
2015-02-27 09:56:19 | CYCC | buy | $1.680 | 0 |
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