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ivanka_BOWS
PR breakout
Daily: had an uptrend and was flagging up until yesterday
Intraday: Increased price per share up to 18% due to news release. I got in a short position in the last trading hour, after it reached HOD and had one big red 3-minute candle breaking the 9EMA and 20SMA and also good volume to bring in the short momo = MOOB :)
Execution detail:
Comments
ivanka_BOWS
Ben, I realize it was risky a little bit, but I tried to minimize the risk as much as I could with a tight stop loss. It had a big run already ( did not like the news that much, I don't think it is of any good, but market reacts differently), S&P 500 was red on the daily, and it was right at the final trading hour, so I went for it.
I usually tell other people to stay away from these kind of trades, lol
foldelinio_BOWS
nice trade ivaka! I also had my eye on the short. I did not want to take it, because the reason for the parabolic from 41$ was a leaked merger. Conference call should have been tomorrow and somehow, info slipped through today. Risk of SEC investigation -> hands off for me.
On the other hand, your entry was spot on and probably the least risky trade in this stock today :)
nice trade ivanka! I also had my eye on the short. I did not want to take it, because the reason for the parabolic from 41$ was a leaked merger. Conference call should have been tomorrow and somehow, info slipped through today. Risk of SEC investigation -> hands off for me.
On the other hand, your entry was spot on and probably the least risky trade in this stock today :)
Driver42_BOWS
Nice trades
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Kind of a risky counter-trend trade but I'm glad it worked out for you. It can be really tricky to short a stock with this much upward momentum but you caught it at the right places.