INFI Trade on Nov 19, 2012 09:53 from ckz8780: Tradervue User Stock Trades.

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ckz8780

 

Swing short. INFI released bad earnings and was hammered down, then put out a piece a fluff news about phase I clinincal data that popped it back up. Iit has been up 8 days in a row now with no rest and has technical as well as psych resistance closeby.

I expect this pop in the market to fade so I took 100 short to start and will add if it pops up to the $24-25 area with a target in the mid-teens. Nice r/r on this one and good profit potential over the next 7-10 days. Will update again on first cover.

Update: got hit with an analyst upgrade and lost $363 on this one! unfortunately this is a risk of swinging. There was a high potential reward ($800-1200) but the losses are bigger. Also there is conflicting information now about whether they beat or missed on earnings in early November, so I think I am going to stay away from this stock for swings in the future. Added 100 at $24.88 then covered all at $25.48 when it continued up.


Execution detail:

Date/time Symbol Side Price Position
2012-11-19 09:53:07 INFI sell $22.450 short
2012-11-21 10:09:36 INFI sell $24.880 short
2012-11-21 10:52:25 INFI buy $25.480 0


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