I have had this on my list for a while as a long swing, but missed entry when it broke. I watched this rise, and waited for the top. When I saw it pull back a bit intraday I waited until I saw some bull-bear back and forth action at 4, and shorted since it appeared that there were not enough buyers to support this. I went with 500 shares at a 4.10 stop. My initial target was 3.70, I scaled 200 when it was trying that area. It bounced a bit and I covered the other 300 with a 3.81 fill. I would have picked the entry right at the top, but this stock was heavy momo today, and it had already spoofed a top out just over 4 earlier before squeezing even higher, so I waited for more confirmation.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-07 12:32:25 | PLUG | sell | $4.010 | short |
2014-01-07 12:32:25 | PLUG | sell | $4.010 | short |
2014-01-07 12:32:25 | PLUG | sell | $4.010 | short |
2014-01-07 12:32:25 | PLUG | sell | $4.010 | short |
2014-01-07 12:32:25 | PLUG | sell | $4.010 | short |
2014-01-07 12:41:21 | PLUG | buy | $3.720 | short |
2014-01-07 12:45:13 | PLUG | buy | $3.810 | 0 |
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