As price ripped through $12, I took a short position anticipating a pullback to $11.50 at least. Price pulled back temporarily but there seemed to be support around $11.80. In the past, when this type of price action appeared, the buyers would take control of the move again and rip through the previous high. Therefore, I covered my short before this happened. Looking back, I should have kept this ticker on my radar as it only went up a few cents before breaking below $12 again which would have been the money play.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-27 10:14:12 | AEZS | sell | $12.110 | short |
2015-11-27 10:18:01 | AEZS | buy | $12.050 | 0 |
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You sure did a lot of trade in 1/2 day holiday market !