Shared by
ckz8780
Daily momentum flag break. I originally was planning to hold this for a swing but it just shot up like a rocket so I took it all. I did size up at the $4 break later in the day when it looked like it was going to continue, so I would have a sizable position for the swing, but when it didn't go immediately I got the feeling it was going to flush. I was right, so it was wise to exit. Not a bad trade though the entry was quite high. I would normally call this a chase, but the volume that poured in made it pretty obvious that this was going to go nuts, and knowing the stock I was fairly confident taking a small position for a quick gain.
500 shares
+$115.06 (13.5%)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-09 12:23:40 | IPCI | buy | $3.770 | long |
| 2014-01-09 12:33:43 | IPCI | sell | $4.070 | long |
| 2014-01-09 12:40:43 | IPCI | sell | $4.279 | long |
| 2014-01-09 14:08:35 | IPCI | buy | $4.000 | long |
| 2014-01-09 14:16:21 | IPCI | sell | $3.960 | long |
| 2014-01-09 14:16:21 | IPCI | sell | $3.960 | 0 |
Comments
ckz8780
markmandy54_BOWS
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lol first trade was sweet, especially the amazing 2nd sell right at the top. holy crap!