GENE Trade on Feb 23, 2015 10:40 from ivanka_BOWS: Tradervue User Stock Trades.

Gravatar

Shared by:
ivanka_BOWS

 

Well, apparently GENE IS a pump-and-dump (per fellow trader), so I am not sure how to trade these kinds of stocks. Do they follow same types of technical analysis, how likely are they to get halted, etc. ???

Setup - Continuation of a overextended stock - parabolic short

Daily chart - GENE has finally cracked and dropped about 30% in price on previous day (last Friday)

Intraday (5-min) - had a nice big run up right at the bell. Pulled back to vwap, consolidated some, and had 2 additional runs.

Entries: $6.90
Stop: 10c stop loss
Target: $6.70 and $6.50 or more

Claimed a small loss, but overall I think in the future I will stay away from shorting stocks that have a vwap running below. Take home: Will short only stocks with MAs and VWAP being over the price I enter. Period!

Click on my scheen shot below:

http://prntscr.com/68zdeg


Execution detail:

Date/time Symbol Side Price Position
2015-02-23 10:40:18 GENE sell $6.900 short
2015-02-23 10:40:18 GENE sell $6.900 short
2015-02-23 10:40:18 GENE sell $6.900 short
2015-02-23 10:43:18 GENE buy $7.011 0
2015-02-23 11:10:31 GENE sell $6.900 short
2015-02-23 11:10:31 GENE sell $6.900 short
2015-02-23 11:10:31 GENE sell $6.900 short
2015-02-23 11:36:26 GENE buy $6.990 short
2015-02-23 11:36:26 GENE buy $6.990 short
2015-02-23 11:36:26 GENE buy $6.990 0

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in