Premarket gapper not being able to pass the HOD so I shorted once it got below the VWAP on the flag breakdown and covered some into the flush to the 9EMA. Later on when I realized there could be a potential bounce instead of the flush I covered the rest.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-14 10:05:35 | LMCA | sell | $136.130 | short |
2014-03-14 10:15:01 | LMCA | buy | $135.000 | short |
2014-03-14 10:57:55 | LMCA | buy | $135.550 | 0 |
Yup mate, it definitely had the look of a runner, but no go, most likely market state did not help since it did not have the wind in the back.
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Once again a stock that should've broke out to the upside, had the look, then...pfffffrt, nope. LOL. great quick short right when it broke down and went below the VWAP