PBMD Trade on May 20, 2015 11:38 from jmos_BOWS: Tradervue User Stock Trades.

Play: Flag/Short squeeze

Stocks who are overextended and are heavily shorted can really run and i am usually not aggressive enough. I missed the first flag as I thought it would bounce to HOD off the VWAP and then fade or consolidate and break down in the afternoon so I let it be. It ended up squeezed quite a bit. Then it started flagging again which is where it gets tricky for shorts as there is no resistance above so it can squeeze another round especially when things start getting emotional for the shorts. It held and formed a nice flag so took it when it started going. Once again, not great fill at all. I was worried about the stuff into semi-round #. I tried to get out some around 3.55 but I kept not getting filled so I kept bringing down my sell target and since i couldn't get filled each time, I thought it was a stuff so I sold all instead of scaling out. Huge mistake as I left +1$ on the table.
Short squeeze can really run an should have stuck to it instead of being scared of the stuff or at least scale out to decrease risk as i usually do. Not sure why I didn't today.

Reasons to sell: looked like a stuff, bad sell as no scaling out