Play: ORB
Stock gapped up big, went straight up out of the gate but wasn't able to hold so was short bias once LOD gave it up. When it bounced off 3.5 but bounces were weak, I got short on the break of 3.5 for some follow through. When it wasn't able to crack and hold, thought it could bounce as many ppl would play the dip so got out for small loss.
Reasons to sell: no follow through, cracked quickly and remounted and held price
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-12 09:38:12 | CERE | sell | $3.520 | short |
2015-08-12 09:39:14 | CERE | buy | $3.550 | 0 |
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