Once the morning distractions were at bay, I reshorted 200 shares on a weak bounce higher. Then waited for this to drop, this time setting my loss to the prior days close of $61.50. The stock never came close to hitting it so I covered 100 at $59.58 and the rest on the next next bounce at $59.41. Nice profit of $249 and I was happy with my scaling out at I tried to let some ride lower before bouncing higher.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-03 09:35:47 | FEYE | sell | $60.740 | short |
2014-04-03 09:51:17 | FEYE | buy | $59.580 | short |
2014-04-03 09:56:42 | FEYE | buy | $59.410 | 0 |
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Great entry. Have to hold a few shares though. To much money left of the table.