CIEN Trade on Aug 30, 2012 10:38 from ckz8780: Tradervue User Stock Trades.

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ckz8780

 

Daily short breakdown/earnings play. 7/23/12 showed a low of $13.90 and was the last support before $13.55 on the daily. The stock was bear flagging right at $13.90 so I shorted when it cracked the bear flag. I covered 3/4 at $13.57 (just above support from the low of 7/18) and attempted to reshort the bounce. The reshort failed as the stock was already down nearly 15% at that point. Overall a good trade but should have hit it w/ more size. Closed P&L $24.12 with only 100shares. With $1k shares (normal position size), this is a $200-300 trade.


Execution detail:

Date/time Symbol Side Price Position
2012-08-30 10:38:08 CIEN sell $13.880 short
2012-08-30 13:33:49 CIEN buy $13.570 short
2012-08-30 15:25:57 CIEN buy $13.605 0
2012-08-30 15:30:00 CIEN sell $13.530 short
2012-08-30 15:46:48 CIEN buy $13.590 0


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