Tried the pb to MA's entry for a possible bounce in this stock, got stopped out twice.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-11 12:28:08 | ACAD | buy | $22.180 | long |
2013-10-11 12:28:08 | ACAD | buy | $22.180 | long |
2013-10-11 12:28:08 | ACAD | buy | $22.180 | long |
2013-10-11 12:28:08 | ACAD | buy | $22.180 | long |
2013-10-11 12:28:12 | ACAD | buy | $22.170 | long |
2013-10-11 12:28:16 | ACAD | buy | $22.180 | long |
2013-10-11 12:35:29 | ACAD | sell | $22.000 | long |
2013-10-11 12:35:29 | ACAD | sell | $22.000 | long |
2013-10-11 12:35:29 | ACAD | sell | $22.000 | 0 |
2013-10-11 12:41:47 | ACAD | buy | $22.201 | long |
2013-10-11 12:42:12 | ACAD | buy | $22.217 | long |
2013-10-11 12:42:14 | ACAD | buy | $22.220 | long |
2013-10-11 12:42:14 | ACAD | buy | $22.220 | long |
2013-10-11 12:42:14 | ACAD | buy | $22.220 | long |
2013-10-11 13:15:12 | ACAD | sell | $22.100 | long |
2013-10-11 13:15:15 | ACAD | sell | $22.130 | long |
2013-10-11 13:15:20 | ACAD | sell | $22.093 | 0 |
Actually not a bad thought on entry with the pullback. other than the fact it had run up alot previously and it was later in the day, which tends to reduce the potential for more up side in this kind of chart. But I think the biggest risk was the 50dma on the daily - that where it bounced down off of, so your upside potential by getting in there was limited anyways, as that 50dma would have been another resistance area as it went back up again.
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Tuff break.