Shared by
jmos_BOWS
Play: ORB/Bear Flag
Stock opened weak, squeezed right into the 200sma and couldn't hold which meant sellers were in control at that level. Waited for it to consolidate and show a lower high. When it did and started breaking down, I got in and waited for the flush. It was very thin and had a wide spread so i went in small to give it room. Showed good patience.
Reasons to sell: flush, semi-round # (50sma), extended
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-10-27 10:20:01 | ORPN | sell | $5.900 | short |
| 2015-10-27 10:21:56 | ORPN | buy | $5.800 | short |
| 2015-10-27 10:27:33 | ORPN | buy | $5.730 | short |
| 2015-10-27 10:50:06 | ORPN | buy | $5.630 | short |
| 2015-10-27 11:07:43 | ORPN | buy | $5.530 | short |
| 2015-10-27 13:47:27 | ORPN | buy | $5.410 | 0 |
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