I got this parabolic short idea on the daily from MB on tweeter. It pulled back to the 20 EMA intraday and was about to get squeezed below a trendline it had been riding up for 3 days. My buy price was only 1.5% away from the stock going red on the day, so I saw multiple setups coming together. It broke the trendline, gave a nice flush and came within 2 cents on going Red on the day, before it rebounded. I probably should have sold when it rounded back up at $8.65, for a small gain, but I was looking for more on the Green to Red. I got out way before my original stop price. This stock had fallen 3.5% form its HOD and probably need a deeper pullback to the VWAP , but I did not want to miss out on the multiple setups coming together.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-31 11:31:29 | INO | sell | $8.760 | short |
2016-03-31 12:54:36 | INO | buy | $8.789 | 0 |
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