Went back to the well on this one, on the short side this time. Going back to any stock usually spells disaster, unless it's a rare big mover and I'm trading in the same trend as a previously successful trade. This one was the former, not the latter. Thought it could break down further. Ended up shorting the exact bottom of the dip and taking a bath on it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-04-24 09:57:33 | CERS | sell | $5.050 | short |
2013-04-24 10:01:43 | CERS | buy | $5.150 | 0 |
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