I put on my BIG BALLER pants for even considering this trade. I have never played a stock with this much volatility and yea it was fun but NO - I won't be trading these till my act is HUGE like my baller pants. Kunal called this - also one of benzinga's momentum stocks that was listed. Went long 100 shares (mrkt order average $260.16)) after the call out and watched this thing drop fast! My profits were positive $60 then quickly to -$360 then back to even where I watch it go sharply to $150- I sold 25 shares with a market order b/c a limit order was not going to get filled....esp with $4 spread's. Got filled - thankfully- for a small profit and sold the remaining 50 shares at $266.68 and was glad to be out of this trade with a total of $380.75. Luck not skill on this trade - but it was fun and the experience was good of trades/volatility I should avoid until I'm yea...that good.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 10:08:55 | ICPT | buy | $258.990 | long |
2014-01-09 10:09:17 | ICPT | buy | $262.650 | long |
2014-01-09 10:09:17 | ICPT | buy | $260.000 | long |
2014-01-09 10:12:14 | ICPT | sell | $261.250 | long |
2014-01-09 10:12:58 | ICPT | sell | $266.680 | 0 |
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