Shared by
Kilroy_RIP
Saw news flash on MT newswire that this stock had late morning news that stock was halted. Catalyst was report regarding dividend +11.1 better than expected. Candle on halt was green, so using Ross' statement that stocks usually go up after a halt, I got in as soon as opened. Didn't brake my rule of not trading after 11:30, but did end up holding position for 3 hours. There was little volume, but occasional jumps up which I believe were small short squeezes as stock had 48% short interest. Strange slow green grind settled over a point on my position. If I hadn't had a different stock on my hot keys, could have gotten out at 11.52. My best trade to date is this oddball!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-03-13 11:26:00 | BRT | buy | $10.370 | long |
| 2018-03-13 11:28:00 | BRT | sell | $10.550 | long |
| 2018-03-13 12:17:00 | BRT | buy | $10.870 | long |
| 2018-03-13 14:28:00 | BRT | sell | $11.480 | 0 |
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Saw news flash on MT newswire that this stock had late morning news that stock was halted. Catalyst was report regarding dividend +11.1 better than expected. Candle on halt was green, so using Ross' statement that stocks usually go up after a halt, I got in as soon as opened. Didn't brake my rule of not trading after 11:30, but did end up holding position for 3 hours. There was little volume, but occasional jumps up which I believe were small short squeezes as stock had 48% short interest. Strange slow green grind settled over a point on my position. If I hadn't had a different stock on my hot keys, could have gotten out at 11.52. My best trade to date is this oddball!