I'm noticing when stocks with a strong move the previous day (day 1) gap down, they almost always squeeze up before any significant downside move. I believe this is a short trap where market makers purposely push a stock down slightly at the open to trap retail shorts, and then squeeze it upwards for the actual short.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-08-07 09:42:45 | ICPT | sell | $113.520 | short |
2018-08-07 09:43:48 | ICPT | buy | $114.590 | 0 |
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