I was looking for a snapback short. When it popped up and then tanked on the open, I took it as a g2r but I let it clear some consolidation area from the day before for a delayed entry.
Entry: 12.25
Stop: 12.35
I sold into the initial drive. I thought with the strong move I should save half and I didn't move my stop up because it was so choppy, but in the end I did stop out the 2nd half.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-02 09:39:33 | UVE | sell | $12.250 | short |
2013-12-02 09:44:57 | UVE | buy | $11.870 | short |
2013-12-02 10:20:44 | UVE | buy | $12.360 | 0 |
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This thing is looking primed to short, keeping an eye on it.