I sat and watched this stock for nearly two hours waiting for it to squeeze. Finally, it cracked below the 5 min 20sma and the low of the last 8-9 candles on the 5 min chart so I went short with a tight stop assumign it would follow the major trend of the day. Of course, 10 minutes after I shorted, it squeezed, so I guess I was the sucker on this one. I did cut it before the squeeze so I only lost $25 which was good as it could have been much worse.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-10-08 14:59:23 | EZPW | sell | $20.390 | short |
2012-10-08 14:59:23 | EZPW | sell | $20.390 | short |
2012-10-08 14:59:23 | EZPW | sell | $20.390 | short |
2012-10-08 15:13:02 | EZPW | buy | $20.440 | short |
2012-10-08 15:13:02 | EZPW | buy | $20.438 | short |
2012-10-08 15:13:02 | EZPW | buy | $20.439 | short |
2012-10-08 15:13:02 | EZPW | buy | $20.435 | 0 |
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