Shared by
mirko_BOWS
The stocked popped on my radar around 12h when it got hit with a bad PR and started tanking immediately with no decent entry. Although the stock was way overextended on the downside I though there could be some more downside potential and entered the trade on the flag breakdown but no go.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-07 13:41:28 | KMX | sell | $44.740 | short |
| 2014-01-07 13:41:33 | KMX | sell | $44.745 | short |
| 2014-01-07 13:41:48 | KMX | sell | $44.750 | short |
| 2014-01-07 13:41:48 | KMX | sell | $44.750 | short |
| 2014-01-07 13:41:48 | KMX | sell | $44.750 | short |
| 2014-01-07 13:41:48 | KMX | sell | $44.750 | short |
| 2014-01-07 14:11:01 | KMX | buy | $44.830 | short |
| 2014-01-07 14:11:01 | KMX | buy | $44.830 | short |
| 2014-01-07 14:11:01 | KMX | buy | $44.830 | short |
| 2014-01-07 14:11:01 | KMX | buy | $44.830 | 0 |
Comments
Gena_BOWS
Yeah, it was at it's support area, you can tell - also on the daily chart, there was some support from last April and June around here. But mostly high risk because of the downward extension already - not just during the intra-day, but for several days before.
elnozdy
Nice try, and that squeeze was juicy!
kunal00
looks like it had already 4-5 diff setups u could have played at that point its a bit tricky when its soo low too
Sayed
oversold on daily
mirko_BOWS
Yep, not a good trade. Oversold and way too extended on the downside but since the PR hit it so bad I thought it might have some even more downside potential - bad judgement for sure!
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Yea the easy money was over.