Attempted short squeeze. The 9:35am bar had a high of 5.60, then the price had tapped $5.58 around 10:45am, $5.62 at 10:50am, and $5.64 around 11:10am. I bought on the third tap yet it still did not squeeze so I cut the loss very quickly for a 4 cent loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-09-05 11:11:13 | AUQ | buy | $5.640 | long |
2012-09-05 11:24:15 | AUQ | sell | $5.600 | 0 |
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perfect entry, squeeze zone play.. nice idea. good risk to reward on this idea. Didn't work out but no worries, small loss