This is probably my favorite type of play that I pathetically took for only .11c.
Typically, after a huge drop/gap down, you'll get nice slow bounce play that is low risk. Set your stop loss at low of day ride it along till the bounce starts to turn. I've seen this play many, many times run .50-1.00 on the bounce.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-10-02 09:30:00 | ARQL | buy | $2.000 | long |
2012-10-02 09:33:00 | ARQL | sell | $2.110 | 0 |
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