PTBI Trade on May 6, 2015 09:39 from jmos_BOWS: Tradervue User Stock Trades.

Play: ORB

Stock was overextended but had many shorts in it so could go either way. Everyone was saying it is the next VLTC which made me think they could sucker in a lot of longs and pull the rug but it was suppose to be something quick and painful for the longs. It opened strong, put in a flag and failed on high volume and looked like a crack. It bounced right off the VWAP and made a lower high so when it looked like it was going to flush, I got in but i wanted to see continuation or at least a test of the LOD. It didn't and held the VWAP cleanly so I got out fast as it could squeeze.

Reasons to sell: bounced off VWAP, no follow through

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-05-06 09:39:54	PTBI	sell	$9.000	short
2015-05-06 09:40:21	PTBI	buy	$9.180	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PTBI&trade=2470275&end=20150605&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PTBI&trade=2470275&end=20150506121021&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PTBI&trade=2470275&end=20150506101021&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

PTBI Trade on May 6, 2015 09:39 from jmos_BOWS: Tradervue User Stock Trades.

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