Important pre-market levels looked like 54.00 and 54.50. Bought after a pop and a pullback to 54.50; sold half near the highs, and stopped out on a huge (and instantaneous) downtick. Thought that might just be a fluke, so bought again with a stop just under that downtick price - ended up stopping out entire position, quite a beating. Traded in a range after that, looking for a place to re-enter.
Seemed to be knocking out a range between 54.20 and 54.45, so bought near the bottom of that range. Ended up stopping out when it broke below .20. Rebought on a downtick near 54.00; sold half of that into the immediate pop, held remainder with stop below 54.00. Sold remainder just after touching 54.70, as I thought it likely that we'd possibly fail, and more probably pull back before breaking to new highs.
It came back down to 54.00 later around 10:35; I didn't like it, as it seemed to trade down there on increasing volume...but in hindsight, that level held, and would have been a great place to get long again.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-01-17 09:37:44 | EBAY | buy | $54.550 | long |
2013-01-17 09:37:44 | EBAY | buy | $54.550 | long |
2013-01-17 09:39:04 | EBAY | sell | $54.760 | long |
2013-01-17 09:39:21 | EBAY | sell | $54.310 | 0 |
2013-01-17 09:39:42 | EBAY | buy | $54.520 | long |
2013-01-17 09:39:42 | EBAY | buy | $54.520 | long |
2013-01-17 09:41:29 | EBAY | sell | $54.230 | long |
2013-01-17 09:41:29 | EBAY | sell | $54.230 | 0 |
2013-01-17 09:58:34 | EBAY | buy | $54.230 | long |
2013-01-17 09:58:34 | EBAY | buy | $54.230 | long |
2013-01-17 10:00:00 | EBAY | sell | $54.150 | 0 |
2013-01-17 10:00:13 | EBAY | buy | $54.030 | long |
2013-01-17 10:00:13 | EBAY | buy | $54.030 | long |
2013-01-17 10:00:50 | EBAY | sell | $54.180 | long |
2013-01-17 10:19:31 | EBAY | sell | $54.650 | 0 |
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