Not SoFun. One day I'll learn that after it's gone, it's gone, and I shouldn't chase the extended stocks. And another day I'll stop selling at the absolute low point.
Bought because it looked like the break of a flag with the MAs riding underneath. Rolled over and sold at the very bottom.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-06 10:47:52 | SFUN | buy | $75.740 | long |
2014-02-06 10:56:13 | SFUN | sell | $75.200 | 0 |
I agree. Be cautious with stocks after a huge run up in the morning. Also, look at the average daily range to get an idea of how far a stock can go. I've also found that looking at the intraday charts from previous big run days give an indication of how the stock may/ may not move.
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It already ran from 72 to 76. Not likely the stock will have another big run. Easy money was over. Also no daily setup or catalyst.