MXIM Trade on Sep 24, 2013 09:42 from AnthonyC_BoWS: Tradervue User Stock Trades.

Was on my watchlist after shooting star candle during a runup. Also in a battle under its DMA200. Needed more patience to see if this would take. Entered near market open.

Tried to will it to breakdown. Not a Jedi master. Didn't work. Will keep an eye on this as I think it is still prime for a meltdown.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-24 09:42:22	MXIM	sell	$29.952	short
2013-09-24 10:25:56	MXIM	buy	$30.118	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MXIM&trade=602050&end=20131024&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MXIM&trade=602050&end=20130924124056&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-09-24 22:18:26

Ouch, not sure what got you short, regardless stop should have been just above 30.02 or so.

Patti-Garland

2013-09-24 23:40:03

why do you think this is prime for a meltdown? the 20 sma is pointed up after flattening out and crossed above the 50 sma ... yes it's got the 200 right above but maybe use that as a breakout? ... it is sort of flagging ... all in all i think it's "trend" is to the upside

Gena_BOWS

2013-09-25 08:22:49

I agree with Patti. There is potential for downside eventually, but not right now. And there are other stocks that are better for shorting based on the daily chart. but hey, good try! These are things we learn from, right?!

MXIM Trade on Sep 24, 2013 09:42 from AnthonyC_BoWS: Tradervue User Stock Trades.

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