Old alert triggered on this and the volume was so strong I decided to chase it with 1/3 size then average in as it retraced. I added perfectly and the averaging got my average down to 1k at $6.86 which was the original break point, but then it just didn't go. Not really a fan of averaging in like this since it usually doesn't work, but the volume was pretty convincing on this one so I decided to give it a shot.
900 shares
-$51.15
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-05-31 09:48:45 | MCP | buy | $6.950 | long |
2013-05-31 10:09:15 | MCP | buy | $6.870 | long |
2013-05-31 10:17:33 | MCP | buy | $6.781 | long |
2013-05-31 10:36:11 | MCP | sell | $6.810 | 0 |
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