Morning long flag which broke to the downside so I shorted it on the breakdown. The daily was looking a little extended so I thought it may be time for a flush. Was only risking 4 cents so I loaded up on a lot of shares; target was low of day 10 cents away. As Kunal has said, lunch time breakouts/downs don't usually pan out but there was such a small risk I decided to go for. I covered when it popped backed above the MA's.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-26 11:27:58 | HZNP | sell | $6.830 | short |
2013-11-26 12:02:53 | HZNP | buy | $6.840 | 0 |
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