IFON Trade on Mar 4, 2015 10:10 from foldelinio_BOWS: Tradervue User Stock Trades.

10M float/3% short of float/5% institutional

Stop: 2.65$
R: 0.72

I liked the trade at first, because $IFON is a lowfloater capable of making huge moves on volume. I waited for the stops below .70s to get pulled and entered on a remount as .70s held.
Then volume dried up and she started to grind.

1st scale: a little more than 1/2 at .85 as I did not want to repeat yesterdays mistake
close: bailed out as soon as we traded below .70s again...which was good.

TL;DR: Yes, one could argue it was overextended, but it had decent volume out of the gate and a history of being a runner. So I took a stab at it and cut it quickly as soon as I realized the missing follow through.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-03-04 10:10:26	IFON	buy	$2.750	long
2015-03-04 10:10:26	IFON	buy	$2.750	long
2015-03-04 10:20:17	IFON	sell	$2.850	long
2015-03-04 10:22:07	IFON	sell	$2.690	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=IFON&trade=2019899&end=20150403&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=IFON&trade=2019899&end=20150304124707&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=IFON&trade=2019899&end=20150304104807&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

IFON Trade on Mar 4, 2015 10:10 from foldelinio_BOWS: Tradervue User Stock Trades.

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