So BLUE had tanked violently after news.
This led to a double bottom with higher lows and a violent short covering rally, prompting most short sellers to take their profits.
I started to see that short covering rally fade and lose market pressure. I started to think that people might be uncomfortable holding BLUE into the close, given the uncertain market reaction.
So I shorted. It tapped the EMA 20's repeatedly and didn't continue to go down, so I covered for a small gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-19 15:37:55 | BLUE | sell | $82.720 | short |
2015-10-19 15:57:15 | BLUE | buy | $81.932 | 0 |
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