Shared by
alpha9
Saw ZNGA was sitting very close to the edge of the cliff on the daily chart, crack under 3.30 could send it plummeting. Saw there was strong support at 3.32 on the tape and Level 2, initiated a short position looking for an afternoon panic. Didn't get it as buyers were strong but sellers were equally strong at holding the 3.36 level as resistance. Had to sell 1/2 position in order to hold overnight.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-03-27 13:38:22 | ZNGA | sell | $3.320 | short |
| 2013-03-27 13:38:22 | ZNGA | sell | $3.320 | short |
| 2013-03-27 13:38:22 | ZNGA | sell | $3.320 | short |
| 2013-03-27 13:38:22 | ZNGA | sell | $3.320 | short |
| 2013-03-27 13:38:22 | ZNGA | sell | $3.320 | short |
| 2013-03-27 13:38:22 | ZNGA | sell | $3.320 | short |
| 2013-03-27 13:38:22 | ZNGA | sell | $3.320 | short |
| 2013-03-27 13:38:22 | ZNGA | sell | $3.320 | short |
| 2013-03-27 13:38:22 | ZNGA | sell | $3.320 | short |
| 2013-03-27 13:38:22 | ZNGA | sell | $3.320 | short |
| 2013-03-27 15:53:25 | ZNGA | buy | $3.360 | short |
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