I picked up CTIC on my pre-market gapper scan. When this consolidated to EMA support, I shorted. I rode it down, and covered half on the way. The extra short on the way down was my mistake of selling instead of buying, I covered that immediately and moved down my stop on the remainder. I shorted again later after the bounce, but did not like the action I was seeing and covered it basically flat. It did end up dropping some, but I am happy with my decision to exit. Overall I am happy with this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-27 10:05:03 | CTIC | sell | $3.705 | short |
2014-01-27 10:28:37 | CTIC | sell | $3.360 | short |
2014-01-27 10:28:50 | CTIC | buy | $3.350 | short |
2014-01-27 10:29:17 | CTIC | buy | $3.230 | short |
2014-01-27 10:52:58 | CTIC | buy | $3.290 | 0 |
2014-01-27 11:29:03 | CTIC | sell | $3.370 | short |
2014-01-27 11:29:07 | CTIC | sell | $3.370 | short |
2014-01-27 11:37:44 | CTIC | buy | $3.374 | 0 |
Nice Job, those are hard to catch. Too many stocks to look at during the open you have to be fast.
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Good job, Gap down and break of ORB. Keep it up!