ACAD Trade on Mar 12, 2015 09:48 from foldelinio_BOWS: Tradervue User Stock Trades.

79.44M float/15 short of float/66.90%

playbook: Merger leaked, someone got fired. Lost 22% during aftermarket and recouped some premarket. Looks like an interesting stock to play.
Key levels are 36$ and 31$. No read on direction, just watching the orderflow

Stop: 37.00$
R: 4.5

36.50 was obvious resistance on the daily and it formed a breakout pattern right below it. Entered as soon as the breakout failed with a wide stop, in case some fancy short squeeze would happen. No institutionals visible on the tape the entire morning.

The stock freaked me out a little, because I expected wider swings and a coil because I wanted to add. Instead I had to add into momentum/breakdowns on the tape and I hate that. I derped on the first add, because bids were holding up a little and was so frustrated, that I missed the flag at 35.10$ for a perfect add.

I was able to double up on the break of 34.50$ and wanted to ride it down to 32$. When 34.00 broke from below, I closed.