Swing trade out of this tight daily flag. I added a bit too soon at 11:30 so I had to sit through a retest of my buy avg ($2.235) but luckily it held the dip and came back to close on highs. I scaled out of the DT portion fairly fast at 2.35 and 2.40 just to lock in a small profit cushion. I plan to hold this to $2.60-$2.90. Will update again as I close. So far booked $430.70 a/ $300ish open.
Update: Unloaded 500 more in aftermarket session on 1/7/2014 at $2.54 then closed the last 1500 flat the next day.
4000 shares (2000 for DT, 2000 for swing)
+$501.05 (17.59%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-07 09:32:04 | DSS | buy | $2.160 | long |
2014-01-07 09:32:04 | DSS | buy | $2.160 | long |
2014-01-07 11:33:00 | DSS | buy | $2.310 | long |
2014-01-07 14:39:26 | DSS | sell | $2.350 | long |
2014-01-07 15:01:54 | DSS | sell | $2.400 | long |
2014-01-07 18:46:29 | DSS | sell | $2.540 | long |
2014-01-08 09:52:42 | DSS | sell | $2.280 | 0 |
It was nice but I gave back like $400 in profit the next morning! Sucker should have followed thru based on the way it closed ... it was at $2.58 in aftermarket and in the morning, then it just faceplanted all the way back to my buy price! I'm watching it for a bounce now though :)
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damn :-/