I was watching this flag on the daily. When it opened hot I started watching it and it filled the gap. I bought aggressively on the 9ema bounce, not smart even though I banked on this one.
Entry: 16.16
Stop: 16.06
Target: 16.36
This pisser ran to 16.35 before reversing. Then it tanked so hard I couldn't keep up with the limit orders (thanks ToS) and didn't get out until 16.23. I should have gotten out 5 cents earlier.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-15 09:41:51 | AKRX | buy | $16.120 | long |
2013-08-15 11:53:50 | AKRX | sell | $16.230 | 0 |
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Ballsy play as was selling hard off gap up. Nice job though. Bought the lows, sell those highs.