Premature entry on this high, tight flag. Should have given it a little more time to develop after such a big initial run into it. This was actually a hot short when it cracked! Damn!
500 shares
-$119.65 (-1.66%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-08 10:27:28 | FIO | buy | $14.740 | long |
2013-10-08 10:38:59 | FIO | sell | $14.501 | 0 |
Yep, you're exactly right. I misread it and jumped the gun. It needed serious volume to move at those levels and it just didn't have it.
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Looked like a lot of price congestion from 14.50 to 15 on daily. Especially after that huge thrust up early morning. Tuff read.