$330 Profit
AMRNShort Stock
McDubbs

1)Volatile - Yes. 2)Catalyst-previous week had positive news, now might be overpriced and ready for mkt correction 3)Tradeable-yes, @ IB. 4)Risk 0.10 (3.18) reward 0.18 based friday's support at 2.90. 5)Rewards vs. risk not all that great, however I saw the stock having sideways price action with a triple top at 2.08. Decided to short a bigger position (for me) of 3000 shares and make .10 to .15 profit. Wasn't sure how fast the stock could move due to massive volume, took profits at 0.11/share

000

DatePrice
Entry3/16/20153.08
Exit3/16/20152.97
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  • Position Size3,000
  • Percentage3.57%
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