This trade was meant to be strictly a scalp trade, I was looking to long this stock on merger and acquisitions new that made it gap up around 20%, there was another stock $ASNA that was also included in the PR and gaped up too, $ASNA came straight down, bear flag and continued down until it closed the gap, So as I saw $ANN dropped as well, I waited for the stock to bear flag, then shorted it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-18 11:00:37 | ANN | sell | $46.210 | short |
2015-05-18 11:18:16 | ANN | buy | $46.060 | short |
2015-05-18 11:26:49 | ANN | buy | $46.020 | 0 |
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