Squeeze/bounce play. My entry was very high given the risk I was taking. I had a 15c stop and was hoping for a $6.60 second target but 4k shares was way too big for that risk. If I could have snagged this at $6.13 instead of chasing it would have been hot! Decent trade, just not a good habit to get into.
4000 shares
+$360.00 (2.73%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-01 14:24:30 | FU | buy | $6.220 | long |
2013-10-01 14:49:35 | FU | sell | $6.390 | long |
2013-10-01 15:16:41 | FU | sell | $6.230 | 0 |
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Nice quick trade. Bummed i missed that run down all morning.