CAMT was listed in the premarket movers list.
First entry @ 5.476 was due to a breakout from a tightening of a consolidation between 5.46 and 5.22 which lasted 2 hrs. It was good. However, the exit was bad because I gave too much room for a reversal move when a very good exit presented itself @ around 5.8 after it broke higher from a consolidation between 5.72 and 5.6 which lasted 2mins. The breakout failed very quickly 2mins after moving above 5.72. Need to be alert for such reversals...or perhaps go short them as they are quite reliable.
Second entry @ 5.726 was a bet on a move of camt to reach the day high of 6.43. It failed and stop @ 5.65 was trigged @ 5.612 due to the sudden price down swing
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-26 11:15:30 | CAMT | buy | $5.476 | long |
2013-11-26 11:40:08 | CAMT | sell | $5.354 | 0 |
2013-11-26 12:11:18 | CAMT | buy | $5.726 | long |
2013-11-26 12:22:18 | CAMT | sell | $5.612 | 0 |
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