$IPGP: 42.75M float/21.20% float short/75.30% institutionals
playbook:coils up just below 100$ magic mark + consistent seller yesterday at this level + good short float. Technical play, no volume premarket
Stop: 100.25
R: 0
Well, the idea wasn't actually too bad, the setup was nice, too, daily looked good an lot's of shorts in the stock. I got in as soon as volume traded, but no follow through or any signs of buyers, so I scratched again.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-20 10:22:41 | IPGP | buy | $100.630 | long |
2015-03-20 10:46:39 | IPGP | sell | $101.230 | 0 |
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You had this one but just needed to wait a little longer. That's my biggest problem.