Play: Bear Flag
Stock was weak, kept breaking down, couldn't bounce which was frustrating as there were big bids and they disappeared. I kept waiting for a meaningful bounce but never happened. It went to LOD, and consolidated above, couldn't bounce so once it broke, I got short for the flush thinking all the dip buyers had to sell. It flushed, couldn't get out any partials, didn't get filled so sold flat as it looked like it was going to squeeze again.
Reasons to sell: no panic, didn't get filled, looked like a squeeze
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-24 11:05:19 | CNAT | sell | $6.200 | short |
2015-09-24 11:09:29 | CNAT | buy | $6.200 | 0 |
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