redcandlesMay 05, 16 11:04 PM
double dip pattern

Entry comments: Rumors of a 2pm press conference today to announce something, possible with American Air just ahead of earnings tomorrow? Hmmm, I'm in, 50 cents of potential upside, 10 cents/share of risk, I'll definitely be out by 2pm though, buy the rumor, sell the news
Exit comments: Zzzzzz going nowhere fast, aim small, miss small, cut losses quickly, worth a shot given how this stock spiked $1/share yesterday on rumors of new deals, but these are new mid-day rumors so I'm not that surprised nobody really seems to care...small gains and loses like these that I'm having today are scratches, and scratches are fine and acceptable, they don't move the needle on my overall profits in the long run at all
| Date | Price | |
|---|---|---|
| Entry | 5/5/2016 | 10.29 |
| Exit | 5/5/2016 | 10.32 |
double dip pattern