Shared by
tomr_BOWS
Daily: Gap-up
Intraday: Flag b/d
Gain: $238
Shares: 500
Stop: $27.90
This stock was on my watch list for a rubberband short since it was already very extended and overbought. When it was consolidating at $28.00 with the EMAs right below I took a risk for $50 with a stop at $27.90 to see if it could go. Scaled out multiple times to take profit. Tried to re-enter when it is flagging again but got stopped out because by stop limit was too tight.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-15 13:07:39 | NLNK | buy | $27.985 | long |
| 2014-01-15 13:16:18 | NLNK | sell | $28.250 | long |
| 2014-01-15 13:27:56 | NLNK | sell | $28.250 | long |
| 2014-01-15 13:36:59 | NLNK | sell | $28.490 | long |
| 2014-01-15 13:37:10 | NLNK | sell | $28.490 | long |
| 2014-01-15 13:42:59 | NLNK | sell | $28.959 | long |
| 2014-01-15 13:48:48 | NLNK | sell | $29.540 | 0 |
| 2014-01-15 14:25:24 | NLNK | buy | $29.765 | long |
| 2014-01-15 14:26:49 | NLNK | sell | $29.510 | 0 |
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