Intraday flag break. Took 700 shares for a quick scalp back to the high of day. Not the best setup in terms of risk but it had support from the 20sma as well as the base of the flag, and was very likely to pop since the stock was running hard (up over 150%) and had no resistance until $4+. Made $111.00.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-09-26 14:08:30 | LPHI | buy | $3.750 | long |
2012-09-26 14:08:30 | LPHI | buy | $3.750 | long |
2012-09-26 14:19:04 | LPHI | sell | $3.880 | long |
2012-09-26 14:27:02 | LPHI | sell | $4.010 | long |
2012-09-26 14:27:02 | LPHI | sell | $4.000 | long |
2012-09-26 14:48:38 | LPHI | sell | $3.760 | 0 |
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