Shared by
derekrucki
Played this for a fade after the break of the morning support. Had a move down to start once it break and then it consolidated for too long which I do not like on a stock that is up this big so I took my small gain and let it be.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-11-12 09:40:42 | CXS | sell | $12.480 | short |
| 2012-11-12 11:17:10 | CXS | buy | $12.390 | short |
| 2012-11-12 11:17:10 | CXS | buy | $12.390 | short |
| 2012-11-12 11:17:10 | CXS | buy | $12.390 | 0 |
Comments
derekrucki
I actually just had a friend who did the trade with me point that out as well, I will check the news from now on thanks for the input!
ckz8780
You got it! If you go to finviz.com and put in the symbol all the most recent news stories are listed right under all the stock info...it's a really fast way to get an idea of why it's up/down so much.
I use thinkorswim to do most of my scans for these stocks that are up and down a lot so I am able to check the news fast on that platform as well with their news tab.
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FYI the reason this stock was up so much was because it was offered a buyout at $12.50/share. That's why it didn't move. I loved the pattern this morning at $12.30 for a short too but I always check the news on these first because if they are buyouts we are usually just wasting our time! Just wanted to let you know cause I liked it too but decided against taking it cause of that! :)