I have been short FIT in my long term fund and felt it has been under a lot of pressure recently when it broke through all support on the daily 11/10 I felt it could go lower....set my sites at first around $33.60's as next support once it broke that it went into a free fall now its trading below it IPO.......My conviction on Fit is also based on the fact that it has a very narrow product line and competition of "GIANTS".....
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-13 09:45:00 | FIT | sell | $28.830 | short |
2015-11-13 09:55:00 | FIT | buy | $27.920 | 0 |
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