Shorted SUMR originally due to not having enough volume to take it higher. Was wrong at 2.52 so I purchased again at 2.68 to average it down to 2.60. Stock teetered around 2.60-2.70. When Tim bought shares, the stock jumped to 2.80-2.88. Was going to average down once more but did not. When Tim sold, the stock began to drop. Again stock teetered around 2.60-2.70. I decided to sell at 2.62 and a few seconds later the stock dropped down to 2.48. I decided to take a small loss. I should have held.
Broker:SureTrader
| Date | Price | |
|---|---|---|
| Entry | 5/14/2014 | 2.60 |
| Exit | 5/14/2014 | 2.62 |
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