Re shorted on the consolidation rollover, ma's on my side etc, again based on the daily chart. Was looking for the break of 32. covered some around days low and was looking for flush under figure but never happened.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-04 13:43:53 | VECO | sell | $32.930 | short |
2013-11-04 13:43:53 | VECO | sell | $32.930 | short |
2013-11-04 13:43:57 | VECO | sell | $32.900 | short |
2013-11-04 13:44:03 | VECO | sell | $32.940 | short |
2013-11-04 13:44:03 | VECO | sell | $32.950 | short |
2013-11-04 14:02:12 | VECO | sell | $33.040 | short |
2013-11-04 14:02:12 | VECO | sell | $33.050 | short |
2013-11-04 14:02:12 | VECO | sell | $33.060 | short |
2013-11-04 14:02:16 | VECO | sell | $33.020 | short |
2013-11-04 14:02:16 | VECO | sell | $33.010 | short |
2013-11-04 14:32:25 | VECO | buy | $32.360 | short |
2013-11-04 14:32:25 | VECO | buy | $32.360 | short |
2013-11-04 15:36:22 | VECO | buy | $32.550 | short |
2013-11-04 15:36:33 | VECO | buy | $32.540 | short |
2013-11-04 15:36:33 | VECO | buy | $32.540 | short |
2013-11-04 15:36:33 | VECO | buy | $32.550 | short |
2013-11-04 15:36:33 | VECO | buy | $32.540 | short |
2013-11-04 15:36:33 | VECO | buy | $32.540 | 0 |
Just trying to help bro.. dont get offended... http://screencast.com/t/0V4zntBld
no offense...I write my notes above, stochastic's are tier 3 indicator, an oscillator, its a tool, not a sole reason to trade on.. had this been able to get above at least one of the MA's I might have changed my thought...but it was dead from the jump.. not offended just like a better explanation
From the daily I can see that the stock was beaten down hard but then again it gapped up and showed some early morning strength so I would be thinking more long then short.
Yes it did not hold it's morning highs and had a lower highs later during the day but I would be looking more for a long, possibly EOD run unless the price action make me change my mind :) and that's what happened exacly when you shorted it for a scalp trade so imho it wasn't a bad decision but it was hard to expect anything more then a scalp trade.
I like .60 or .70 scalps...take them all day..:)
Wouldn't be suprised if this thing fills all the way in or has some news over head.
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Stock is very oversold.. not a good short.