Shared by
mbarattino_BOWS
it looked like it was going to be a fader as it started coming back down after its run-up in the morning, shorted as it was flagging then got stopped out as it broke over the VWAP
-$80.90
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-07-16 11:30:31 | LQDT | sell | $29.040 | short |
| 2013-07-16 11:30:31 | LQDT | sell | $29.040 | short |
| 2013-07-16 11:30:32 | LQDT | sell | $29.040 | short |
| 2013-07-16 11:30:33 | LQDT | sell | $29.040 | short |
| 2013-07-16 11:57:42 | LQDT | buy | $29.309 | short |
| 2013-07-16 11:57:42 | LQDT | buy | $29.310 | 0 |
Comments
mbarattino_BOWS
yeah I had it at .21 just over the VWAP, damn thing jumped so quickly I didn't get filled til .31
ckz8780
Think about this logically. The first 30-45 min were straight up after a big gap down. This was not really a weak stock, it was an overreaction. In my experience 90% of the time when these stocks start off with a big run in the morning after a big gap down they either end up stuck in a box or they squeeze and trend up all day long. They are usually better for longs IMO. Also this stock has nearly 40% of the float held short so it is prone to squeezes.
Also the volume pattern was bullish all day long. Tons of buying (covering, lol) all day!
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Just didn't breakdown.. Probably would had my stop a bit closer though.