I had been watching this ever since the gap up this morning. There was not much happening with most of the stocks on my list this afternoon, so I was flipping through them looking for anything moving. I saw this dropping below MA's, so I shorted. Nice low risk play due to close proximity of MA's and VWAP. I covered half into the drop, and lowered my stop on the remainder. When this dropped, it dropped really quick.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-29 15:04:38 | VRNG | sell | $4.980 | short |
2014-01-29 15:07:15 | VRNG | buy | $4.600 | short |
2014-01-29 15:15:53 | VRNG | buy | $4.930 | 0 |
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Nice work.