Float:35.97M/ 2.50% short of float/ 100% institutions
Stop: 92.70$
R: 0
Stock was super super thin. Entry based on the book. 93.00s traded, bids got hammered, but quickly refilled; two or three times. There was a little size on the offer and as soon as it traded, I got in on a feeler, because the risk of a sudden dump was scaring me. It dumped a little, but bids refilled right away, so I added.
5k shares traded at top tick, but it took a single offer that stepped down, to make the longs puke out. Risk was too big for me, so I scratched and didn't look at it anymore.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-12 11:02:04 | MTN | buy | $92.990 | long |
2015-03-12 11:06:37 | MTN | buy | $93.200 | long |
2015-03-12 11:24:27 | MTN | sell | $93.210 | long |
2015-03-12 11:25:19 | MTN | sell | $93.160 | 0 |
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