SPIL Trade on Aug 21, 2015 09:41 from traderdanbows: Tradervue User Stock Trades.

Sim day 2:

Went into this trade as it was called out in Kunal's chat room for a short. ORB fade but someone mentioned in the chat room that it was a buyout. So I exited the trade with a slight loss because I will not trade stocks that are being bought out. My experience with them is they do not make any significant moves usually just channel all day.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-08-21 09:41:48	SPIL	sell	$6.338	short
2015-08-21 09:57:46	SPIL	buy	$6.450	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SPIL&trade=3332317&end=20150821122246&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SPIL&trade=3332317&end=20150821160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SPIL&trade=3332317&end=20150821102246&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SPIL&trade=3332317&end=20150920&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2015-08-22 14:55:10

I don't think this one was a buyout.. or at least... not a full buyout. But I agree with you about staying away from buyouts. Thinking about it, if one company buys another for say... 10 bucks/share.. how much will that stock price be for the near term? Yep.. 10 bucks. Not much wiggle room there. :)

traderdanbows

2015-08-23 12:20:52

Wayne it was as you say a partial buyout. Next time I will review the news on each stock I consider trading to see if the firm is being bought. TKs for the comments.

SPIL Trade on Aug 21, 2015 09:41 from traderdanbows: Tradervue User Stock Trades.

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