Takeover bid rumored on twitter at 25$
Stop: 21.80$
R: 1
I know the stock and I know the business. Abercrombie is a huge POS and they fucked up big time by expanding to Europe. They are probably going out of business, so a take over is very reasonable.
Got in at the first pullback from spike high and scaled into the pop.
I shouldn't have added into this one. Spikes like these rarely last long.
Execution detail:
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That entry is picture-perfect the first one. Why did you sell your first piece for only two pennies to Penny is flat that is not a profit you must you absolutely must let these things play out
Your second buy was no good that particular Time of day and also it being a retail stock buying a high tight flag won't work