Bounced off daily MA and started to flag intraday. Put on small position as 30min had falling 9MA and had bounced on LOW volume so wasn't a high prob setup. Took off for small loss as began to roll over.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-12 11:01:05 | PLUG | buy | $7.180 | long |
2014-03-12 11:10:14 | PLUG | sell | $7.050 | 0 |
Good stop. PLUG, BLDP, FCEL are tough to play IMO. They seem to not act normally. When they are overextended, they just keep on going and then drop $5 in one day. I left them alone as I was unsure of how ppl were seeing that stock.
had a stellar bounce off the 20dma after that monster sell off. I missed it as well.
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I tried to play this too. I think after that huge drop yesterday it needs some more time to consolidate and get people to regain confidence in it.