Play: ORB
Stock bounced into VWAP, made lower high, traded tightly and broke down so got short. Love that set up and was expecting it to go back to 2.7 and more but it couldn't break 2.73 and a buyer was there and it couldn't break down so I thought it could squeeze back to highs so i got out scratch. I try to be pro-active on the covering but in choppy situations like this one, it hurts me bc i had a good entry, it just squeezed quick and made a lower high so if i had stuck to my stop at 2.85, i would have stayed in it and caught the flush.
Reasons to sell: big buyer held it up, thought it would squeeze
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-04 09:38:41 | AVEO | sell | $2.750 | short |
2015-06-04 09:39:38 | AVEO | buy | $2.760 | 0 |
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