Shared by
foldelinio_BOWS
Takeover bid at 205/share posted on twitter.
News algos ramped it up into a circuitbreaker, so it got halted. It opened up at around 210 and ran for another 5 bucks before reality took over and the tape changed from green to red. There was a tiny resistance above 212.00 so I entered small size with stop above 212.
Iceberg at 210 that induced some little bounces, but there simply wasn't any reasonable buyer and it was still 5 bucks away from 205$ so I added on an uptick.
Tape was so fast right after, that I couldn't click it out manualy, so I entered two limit orders at 207$ & 206$ and got filled seconds later.
Once in a century, every blue moon trade. Definitely not a setup...but THANK YOUUU GEEKS 4 RAMPING IT UP ; )
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-08 11:39:25 | PRGO | sell | $211.730 | short |
| 2015-04-08 11:42:30 | PRGO | sell | $210.100 | short |
| 2015-04-08 11:45:19 | PRGO | buy | $207.000 | short |
| 2015-04-08 11:45:21 | PRGO | buy | $206.000 | 0 |
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