Shared by
DavidVYPark_BoWS
New huge gap down in the morning. Stock opened below the breakdown level. Opening range breakout. And add after it started moving down. Took too long and the stock stalled. The stock popped and I got out. I think it was a short squeeze. I think that it was heavily shorted by people thinking the same thing as me.
When the stock takes too long to do what you thought it was going to do, get out and watch it from the sidelines. You can always get back in.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-06 09:38:44 | SCSS | sell | $17.490 | short |
| 2014-01-06 09:45:37 | SCSS | sell | $17.360 | short |
| 2014-01-06 10:06:54 | SCSS | buy | $17.749 | 0 |
| 2014-01-06 10:25:21 | SCSS | sell | $17.370 | short |
| 2014-01-06 10:30:46 | SCSS | sell | $17.260 | short |
| 2014-01-06 10:31:07 | SCSS | sell | $17.260 | short |
| 2014-01-06 10:33:51 | SCSS | buy | $17.340 | short |
| 2014-01-06 11:03:20 | SCSS | buy | $17.400 | 0 |
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