Morning after missing earnings, I was looking to short. I should have shorted it right out of the gate as soon as it went red at the open (with small size). The reason is this gapper was probably going to find some support at its 50 DMA. $26.50 served as support and the G/R didn't work, I tried twice at the worst spot lol.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-05-06 09:32:17 | ACAD | sell | $27.125 | short |
2016-05-06 09:32:34 | ACAD | buy | $27.310 | 0 |
2016-05-06 09:33:29 | ACAD | buy | $27.460 | long |
2016-05-06 09:34:59 | ACAD | sell | $26.950 | 0 |
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