ALLT Trade on Jan 3, 2013 10:05 from kumarBOWS: Tradervue User Stock Trades.

Shorted this one for the 14 crack, got it almost immediately and covered up. The rest of the day every time this stock would look like it's about to dump, it pops back up, then down and makes a new low. Shorting the pops would have worked all day with this as it eventually faded off by end of day

Hindsight:

Typically on these gap down plays, I would look to take it long for a bounce and then the fade. I got lucky with this play because right after I covered, it bounced to 14.5's which is the move I usually anticipate.

Edit: see my second trade on this where I gave back these gains.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-01-03 10:05:00	ALLT	sell	$14.090	short
2013-01-03 10:06:00	ALLT	buy	$13.940	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ALLT&trade=326204&end=20130202&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ALLT&trade=326204&end=20130103123600&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ALLT&trade=326204&end=20130103123600&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ALLT&trade=326204&end=20130103110600&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

tdktown

2013-01-04 12:36:29

kinda funny you bought about where i covered my short for a loss.

tdktown

2013-01-04 12:36:45

i meant sold

ALLT Trade on Jan 3, 2013 10:05 from kumarBOWS: Tradervue User Stock Trades.

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