IEC Trade on May 31, 2013 15:58 from ckz8780: Tradervue User Stock Trades.

Fundamental bear flag breakdown swing trade. I know this company and they are in the middle of some heavy problems (bleeding customers, lawsuits, potential SEC violations, etc). Just took 500 short banking on a PR breakdown. Risky but I know the company well and I am sized appropriately. Will update again upon closing the trade.

Update: After a long swing I ended up closing this for a nice gain. I obviously could have taken it with much more size but there was a heavy risk of PR pumping so I didn't want to be holding too much before I knew more. Now that I understand the situation I will continue to monitor for more opportunities.

500 shares
+$230.10 (14.88%)

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-05-31 15:58:44	IEC	sell	$3.550	short
2013-05-31 15:58:44	IEC	sell	$3.550	short
2013-06-13 10:17:47	IEC	buy	$3.090	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=IEC&trade=482449&end=20130701&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=IEC&trade=482449&end=20130613160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=IEC&trade=482449&end=20130613101747&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

IEC Trade on May 31, 2013 15:58 from ckz8780: Tradervue User Stock Trades.

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