Shared by
nicktrabs
was excited to see a potential flag entry on this 2 day runner but then got stuck in this limbo area. learned later on that stocks exude this pattern when there is news of a potential buy out. news says Danaher is looking to buy these guys. recently ran into several other examples like this on the FinViz scanner.
Stay away from these unless you want to lock your money up for days on end.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-15 15:00:00 | PLL | buy | $123.760 | long |
| 2015-05-18 15:00:00 | PLL | sell | $123.850 | 0 |
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