$82 Profit
STAAShort Stock
okgood

Entry comments: Been watching STAA for a while now (on my short list). I noticed yesterday it had crept up to resistance, and that today (after market close) it was announcing Q4 (and Year End results). I decided to short because of recent bad news and it was at key resistance. I took a chance. Results were negative and after hours it's down 30 cents. Hopefully the decline will continue tomorrow. Would be nice to get $1 a share (given my small position), but I will need to watch level 2 to get out near bottom.

Exit comments: Had a minor issue with suretrader. I wanted to cover an dit would take my order at the limit price, so I entered another one (I was going to cancel the first), but then BOTH were placed. So then I had to sell the extra shares I bought. It ended up costing me some $, but I still made profit. A nice trade ... and a nice setup.

000

DatePrice
Entry2/25/20156.91
Exit2/26/20156.705
  • Total Views343
  • Position Size400
  • Percentage2.97%

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