Shared by
ckz_paper
Similar to a squeeze setup but again the stock was only down 2-3%. For squeeze plays there has to actually be shorts, and that only tends to happen when a stock is down a lot or sitting on a significant breakdown level.
Multiple taps of $36.50 intraday indicated this might take off above that level. Here is a chart since the tradervue one is off (my buy and sell indicated by the two arrows):
http://twitpic.com/ai9m5y/full
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-08-09 02:35:43 | TRIP | buy | $36.520 | long |
| 2012-08-09 02:43:09 | TRIP | sell | $36.380 | 0 |
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