Company is in financial troubles so this run is likely not going to last and stock was gapping into resistance 5.24 - 5.60. Took a nibble at the open that I had to stop out for an initial loss on. Wasn't too worried however because really wanted to short higher and closer to the 5.60s. Got what I wanted and added to a winner. I was thinking it would get to the 4.80s but 5.00 kept defending so I decided to just cover and take what it was giving me. Nice $460 gain overall. Now hopefully it keeps running for more short opportunities.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-10-06 09:32:00 | AUPH | sell | $5.090 | short |
2016-10-06 09:36:00 | AUPH | buy | $5.440 | 0 |
2016-10-06 09:39:00 | AUPH | sell | $5.490 | short |
2016-10-06 09:47:00 | AUPH | sell | $5.360 | short |
2016-10-06 09:57:00 | AUPH | buy | $5.090 | short |
2016-10-06 10:32:00 | AUPH | buy | $5.090 | short |
2016-10-06 10:37:00 | AUPH | buy | $5.350 | 0 |
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