PENN Trade on Nov 16, 2012 11:37 from ckz8780: Tradervue User Stock Trades.

Longside short breakdown. Stock had been basing around $48.50 for a while so I took a small scalp play under the round number for a quick 50 cent gain. Only thing I think I need to remember on this type of play is they are typically only good for a scalp so it makes more sense to just cover it all at the base rather than try to get it to push through. Made $32.51.

Execution detail:

Date/time	Symbol	Side	Price	Position
2012-11-16 11:37:30	PENN	sell	$48.495	short
2012-11-16 11:56:28	PENN	buy	$47.950	short
2012-11-16 12:01:38	PENN	buy	$48.390	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PENN&trade=300105&end=20121216&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PENN&trade=300105&end=20121116142138&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PENN&trade=300105&end=20121116122338&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

PENN Trade on Nov 16, 2012 11:37 from ckz8780: Tradervue User Stock Trades.

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