Play: ORB
Stock opened weak so took it off radar then big volume came in to resistance, thought it could squeeze as it had momentum on the daily. When the pb held and made a consecutive higher low, I got in for the break out. It stalled and never went anywhere and traded very thick but it has a tiny float so i got out as ORB's are meant to be quick. I could have been a bit more patient to get out flat but 3pennies is no big deal.
Reasons to sell: did not break out, stalled
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-16 09:38:10 | FORD | buy | $1.920 | long |
2015-09-16 09:39:25 | FORD | sell | $1.890 | 0 |
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