Play; Parabolic
Stock kept flagging and going, shorts kept covering which pushed it higher. Waited for the true parabolic set up where it squeezes hard on volume and the tape speeds up. Got in at 8 as it could be natural resistance with stop at 8.5 (daily chart). Was patient for it, gave it room to squeeze one more time, covered in the pullback.
Reasons to sell:flush, wasn't cracking much so took gains as another squeeze seemed imminent
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-24 13:06:51 | VLTC | sell | $8.010 | short |
2015-11-24 13:09:12 | VLTC | buy | $7.870 | short |
2015-11-24 13:10:22 | VLTC | buy | $7.780 | short |
2015-11-24 13:12:18 | VLTC | buy | $7.890 | 0 |
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