Sim Day 3:
Wed, Apr 20, 2016
Total trades: 4
Total volume: 1000
Stock: KO (Coke)
After reading the over night news. Saw that Coke has less than expected earnings. Looked at the board to see where the big push was to buy this morning. Between 8:am (half hour before stock market open) KO had gone from $45.90 to $45.20. Prayed about this. Wanted to play this smart and not reactionary or willy nilly, so I place a Sell Short order at $45.20 - to make sure my intuition was right and if the stock was going to go down... it was going to be going down when I got in it. Sure enough within the first 2 minutes it hit my strike price. And before it hit the strike price I was looking at buy pressure. There was a huge push to buy at $44.84. Set my buy to close - 2 minutes later. BANG! Up $300 within 5 minutes of the open.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-20 09:31:00 | KO | sell | $45.200 | short |
2016-04-20 09:34:00 | KO | buy | $44.840 | 0 |
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