This stock has been tricky for me.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-26 10:57:40 | ZU | buy | $61.230 | long |
2014-02-26 12:43:14 | ZU | sell | $62.450 | long |
2014-02-26 12:57:50 | ZU | sell | $61.730 | 0 |
2014-02-26 12:57:50 | ZU | sell | $61.730 | short |
2014-02-26 12:58:22 | ZU | buy | $61.560 | 0 |
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Really nice on the long. Essentially, there is a bear flag out of a double top. Everything about this says it's a short. When I see this and plan to short it, if it breaks to the long side I just say, "hmm.. well that didn't work so i'll check other stocks..". Great flexibility to play it whichever direction it breaks too.
On the short .. rhetorical: did you hit one of your reasons to sell/cover?