Gapped up intraday on FDA approval of new drug. That kind of news could have sent this small cap a lot higher. Bought the dip at a time when it was jumping all over. Didn't work out and took the small loss 2 hours later. This is one that will likely jump on Monday but I wasn't comfortable in holding it. Will revisit at the open.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-25 13:41:00 | ZGNX | buy | $3.170 | long |
2013-10-25 15:32:00 | ZGNX | sell | $3.100 | 0 |
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setup wasnt quite there.. needed more time to develop.