Shared by
kumarBOWS
85.00 was a prior resistance spot intraday so I took it short and it blew past headed towards highs but couldn't quite make it and rolled back over.
Covered half +.93c
Holding over last half
If any pops on Monday I'll look to add back for full position risking to 86.00. There's a big gap to fill here.
Update:
Added back to full position at the end of day pop on Friday.
This morning it sold off and went r/g (textbook momentum play). I didn't obey my stop and held through it. Honestly I just didn't want to lose my position cause it was just a squeeze. It came back and tried to go for another run so I covered and took the loss looking to get back in at a better price above 87.00. It topped back out at 86.50's (Just .30c from my cover price) so I tried to re enter short at 86.00 when it settled out and there were no shares available. WTF!!! I was just short! This thing dropped like what? 5.00? I was dreaming about this move all damn weekend! A great play gone down the drain.. ridiculous
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-04-19 14:22:00 | VRTX | sell | $84.890 | short |
| 2013-04-19 14:43:00 | VRTX | buy | $83.960 | short |
| 2013-04-19 15:57:00 | VRTX | sell | $85.600 | short |
| 2013-04-22 09:42:00 | VRTX | buy | $86.210 | 0 |
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