GNC gapped down, and I did not want to fight this stock again. Shorted and was risking hod. There was a huge washout 5 to 4.85. That is when I decided to get short into a pop.
I was risking hod because it could squeeze, and that is exactly what it did.
-Add to the squeeze because when a squeeze comes down, it crashes
-Have lower risk
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-01-19 09:42:00 | GNC | sell | $4.810 | short |
2018-01-19 09:54:00 | GNC | buy | $4.720 | short |
2018-01-19 10:50:00 | GNC | buy | $4.710 | 0 |
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