With the election behind us and earnings out this morning, plus a big move last week, there are fewer reasons to be a buyer of this stock.
The big gap-up PM added to my short bias conviction and was looking for a sell-the-news scenario today.
I traded the opening range but was a little late getting involved short. Had a decent winner, but got chopped up in a couple of subsequent trades and was basically even on the name up to this point.
Nice to get the meat of this move and book some decent profit. Really happy with the exit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-09 12:18:06 | CGC | sell | $25.480 | short |
2020-11-09 12:18:06 | CGC | sell | $25.480 | short |
2020-11-09 12:30:17 | CGC | sell | $25.590 | short |
2020-11-09 14:32:22 | CGC | buy | $24.490 | short |
2020-11-09 14:41:11 | CGC | buy | $24.220 | 0 |
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