EXTR Trade on Feb 5, 2014 10:45 from oly_BOWS: Tradervue User Stock Trades.

Gap down on earnings and I was bearish. As SPY was tanking I was looking for shorts to play.

Looked like it was breaking down a flat bottom base, but reversed and I got out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-05 10:45:05	EXTR	sell	$5.750	short
2014-02-05 10:54:04	EXTR	buy	$5.860	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=EXTR&trade=830643&end=20140307&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=EXTR&trade=830643&end=20140205132404&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Gena_BOWS

2014-02-05 23:26:52

Hmm, this was a tough one! But I think it is important to wait for it to break below (and confirm) the VWAP, and it didn't seem to break the VWAP at all. But I agree with you that it looked heavy! And with the SPY reversing, it would make sense that this would go down

oly_BOWS

2014-02-06 00:48:13

thanks Gena, going back to vanilla mas without overnight for Feb so hopefully that will help.

I love how I practically timed the breakout :P

jmoscate_BOWS

2014-02-06 08:29:52

I was also watching it but the lack of movement made me stay away from it. Not a fan of those which are stuck in a very very very tight range

EXTR Trade on Feb 5, 2014 10:45 from oly_BOWS: Tradervue User Stock Trades.

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