27.50 was big intraday support for GM and I got long at 27.53 with a stop under 27.45 hoping for a bounce off this level and a test of HOD. It was a pretty big battle at 27.50 but the seller eventually took over so I got out with a very small loss which was a great exit because the stock continued to trend down from this point. Still think this is a good setup and the risk is so small that it is worth a shot.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-12-19 12:50:17 | GM | buy | $27.530 | long |
2012-12-19 13:17:02 | GM | sell | $27.440 | long |
2012-12-19 13:17:02 | GM | sell | $27.440 | 0 |
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