ACAD gap down off weak news; consistently held uptrend in the morning but started to lose steam and exhibit signs of weakness. MMs were likely getting short into pops and started to have stuff candles with 17.20 being the key level. Shorted at 17.20 with 150 shares and could've added more because I had high conviction on this. Took it all off when it bounced and should've noticed that the same big bid setup came back at approximately 16.82 which would have been a great opportunity to reshort.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-04-09 10:16:41 | ACAD | sell | $17.200 | short |
2018-04-09 10:27:05 | ACAD | buy | $17.060 | short |
2018-04-09 10:30:55 | ACAD | buy | $16.810 | short |
2018-04-09 10:35:06 | ACAD | buy | $16.640 | short |
2018-04-09 10:40:23 | ACAD | buy | $16.700 | short |
2018-04-09 10:44:02 | ACAD | buy | $16.760 | 0 |
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