Shared by
jmos_BOWS
PLAY: ORB
Stock was overextended and had gave it all up previous day. It gapped up over the weekend and ran strong on some news. I was looking at shorting it for continuation but the news made it even better as it gave a pop. Last time, it was a crowded short so I didn't want to get in too fast and see if it had a squeeze in it. It didn't and kept making lower highs on the 1mn so got in when it cracked with a tight stop. I covered some in the flushes. Not very happy with my second sell though, should have waited a bit longer otherwise, took most profits and only kept small for lotto hoping for a green to red move but it never made it that far so sold last batch as it wasn't doing much.
Reasons to sell: flushes, LOD, eod not doing much
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-02 09:43:12 | CYCC | sell | $1.810 | short |
| 2015-03-02 09:51:40 | CYCC | buy | $1.760 | short |
| 2015-03-02 09:52:19 | CYCC | buy | $1.740 | short |
| 2015-03-02 09:55:58 | CYCC | buy | $1.710 | short |
| 2015-03-02 10:00:34 | CYCC | buy | $1.660 | short |
| 2015-03-02 10:34:19 | CYCC | buy | $1.710 | short |
| 2015-03-02 13:37:32 | CYCC | buy | $1.630 | short |
| 2015-03-02 13:44:15 | CYCC | buy | $1.600 | short |
| 2015-03-02 15:26:14 | CYCC | buy | $1.700 | 0 |
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