EGO Trade on Apr 3, 2013 13:49 from alpha9: Tradervue User Stock Trades.

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alpha9

 

Stock came up on my scanner along with several other gold stocks like IAG and SAND for a potential breakdown. Gold ETF (GLD) had the same pattern too, looking like it could breakdown further. At the time market was weak, and all signs pointed to a big flush if the LOD on EGO were to crack. Never got it and instead GLD and SPY rallied higher. Ended up getting stopped out for a small loss. I believe 9/10 times I would have been right, but this was one of those rare times it didn't work out.


Execution detail:

Date/time Symbol Side Price Position
2013-04-03 13:49:17 EGO sell $7.930 short
2013-04-03 14:12:08 EGO buy $8.000 0


Comments

2013-04-03 18:25:32
 

Daaaang look at that 11:30 flush! You were taking on technically the 4th short (one at 9:30, one at 10:30, one at 11:30, and yours)...the 3rd/4th are always weak. The stock was already down like 7% too. I think if you can catch these in the early morning they are much higher probability.

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