Gapper, it filled back up then flagged and started to tank. I bought it late after the crack of the ma's. Since I was late I put the stop at the vwap 11.73. It turned around and stopped out. I think the idea was correct assuming I had bought a little closer to the break.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-27 10:37:13 | ARWR | sell | $11.650 | short |
2014-01-27 10:55:25 | ARWR | buy | $11.750 | short |
2014-01-27 10:55:51 | ARWR | buy | $11.740 | 0 |
As an intraday r2g short it looks right to me - even had kind of a mini bearish base going 10 minutes before. I'm not sure I would have discounted the bullish daily chart so easily (as you point out) is all I can think.
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I was hoping Nape_BOWS would comment on this one as I value his opinion immensely. I also was watching this, it was on the BOWS Watch for a potential 20DMA Bounce. I didn't look to short it here since the over all trend is up (daily). Although I missed every single entry , $ARWR offered at least 3 least good entries.
http://screencast.com/t/5mUJz4h017XC