LL Trade on Mar 12, 2015 12:00 from foldelinio_BOWS: Tradervue User Stock Trades.

26.19M float/100% institutionals

Stop: 37.60$
R: 0

Stock was halted during the session and after the re opening, shorts tipped their hand and got squeezed hard. 37.50$ was some resistance on the 1h and there was a lot of volume on the last push into 37.70$ where short stops got pulled and longs got in. It flushed a little to 36.50$ and I wanted to wriggle myself into a position as soon as I saw, that it could not trade above 37.50 again. Entry was hart to find, so I slapped on a feeler with the intention to make it a 100 share position, depending on my average entry and the hard stop above 37.60$

It traded weird and sloppy. I added a second lot and waited for the flush below 36.50$, but .90s held. After that, every flush got bought up and you could see desperation bids stepping up cent by cent untill they were filled. I knew $LL was weak, but R:R was utter rubish and the risk of a sudden spike too big, so I scratched.