Shorted 1000 shares and had moved down slightly but quickly turned against me. Stopped out when my loss hit $110. It did move back down so my loss could have been smaller had I held a bit longer but I don't mess with cutting losses. Only regret is I did not take the other side of this trade when it showed strong support at $5.25 - It was the right move as this stock finished strong on the day and then shot up HUGE on 12/20.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-19 07:08:57 | ARIA | sell | $4.960 | short |
2013-12-19 07:15:25 | ARIA | buy | $5.070 | 0 |
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