NLNK Trade on May 12, 2015 14:51 from foldelinio_BOWS: Tradervue User Stock Trades.

20.67M/23.60% short float/51.10% institutional
FDA approval about to fail, stock gapped down 10$ + aftermarket and is currently trading just below the ATH breakout spot. Premarket shows further weakness, the only thing I'm worried about is the high short float. Important resistance: 42$, 44$. Important support: 40$, 36$.
I probably wait for a spike into resistance to put on a short position. Shorts are likely to take windfall profits.

Stop: 37.40$
R. -1

Wow, even looking at this trade after the fact makes me go nuts.
The stock was an obvisou short. Bad news changing the fundamental perception of the companies value and I try to buy into higher highs in the afternoon. 38$ was an obvious resistance and breakdown spot and the spike just a bot squeeze without any volume behind it. Perfect opportunity to go short on a missed morning opportunity.