CONN Trade on Mar 31, 2015 13:00 from foldelinio_BOWS: Tradervue User Stock Trades.

Stop level: 31$
R: 0.5

I fought this stock the entire day on and off. $CONN is on my shortsqueeze watchlist and today it had a monster squeeze...which I missed. So I tried to get in on the backside of the move, which is a pretty stupid idea in a squeeze stock. When the shorts covered, there is no reason to buy for anyone. The stock is still a POS.

At least my entry areas were alright. I went in as soon as it started to round and killed the trades quickly enough to get away with pocketchange.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-03-31 13:00:30	CONN	buy	$31.890	long
2015-03-31 13:06:51	CONN	sell	$31.845	long
2015-03-31 13:08:14	CONN	buy	$31.510	long
2015-03-31 13:18:19	CONN	sell	$32.185	long
2015-03-31 13:23:29	CONN	buy	$32.520	long
2015-03-31 13:25:51	CONN	sell	$32.400	long
2015-03-31 13:42:19	CONN	sell	$31.893	0
2015-03-31 14:31:20	CONN	buy	$31.300	long
2015-03-31 14:37:31	CONN	sell	$31.600	long
2015-03-31 14:42:40	CONN	sell	$31.308	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CONN&trade=2229186&end=20150430&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CONN&trade=2229186&end=20150331160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CONN&trade=2229186&end=20150331153940&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

StevenBurt_BOWS

2015-03-31 19:30:28

Something to think about. MB says when DOW is off a 100 points or more it's better to look for shorts and visa-versa. CONN broke the ma's around $32 and never looked back today.

CONN Trade on Mar 31, 2015 13:00 from foldelinio_BOWS: Tradervue User Stock Trades.

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