ETE Trade on Feb 1, 2016 09:58 from JoJoTrades: Tradervue User Stock Trades.

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JoJoTrades

 

+$528 net W

: +2.7%
: 16 days
:
ever since

this awesome ETE swing
, I've been looking to re-enter. I love the Insider Buying on this stock, and the bounce potential. started to get in at the 8 area, which looked great to me, considering I just exited at 11. did some nicely-timed Adds to bring up the size...felt very confident with this position. then one day F U C K I N G . B O O M ! ! huge-ass gap down followed by INSANE intraday dump. I seriously could not believe it... I was in shock. there was a terrible combination of news/rumors - CFO resigned, potential M&A with WMB might fall thru, some clown downgraded the stock... and that was just the gap down. CHK did some epic dump on bankruptcy-rumor, which caused ETE & WMB (and others) to also have sympathy dumpage. the move was just...stupid. not only did I Add hard into this position, I also opened & Added to a
sister WMB position
, which is tied to ETE via the pending M&A. Fully Fucking Loaded Up

exited that WMB position for +$1,300 a few days later, so decided to exit this ETE when it was net breakeven. did just that when it gapped up, closing out the entire nightmare completely, for some nice combined profits.

UPDATE: got a +$427 dividend distribution. noice 8-)


Execution detail:

Date/time Symbol Side Price Position
2016-02-01 09:58:00 ETE buy $8.166 long
2016-02-03 10:18:00 ETE buy $7.640 long
2016-02-03 10:24:00 ETE buy $7.460 long
2016-02-08 09:30:00 ETE buy $6.010 long
2016-02-08 09:43:00 ETE buy $4.855 long
2016-02-08 09:57:00 ETE buy $4.650 long
2016-02-17 09:32:00 ETE sell $6.374 0


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