$67 Profit
ESSIShort Stock

32.7M float, cannabis/auto, minor news to acquire specialty banking operation. Four green days from 1.17 to 2.59, heading towards 3.00 resistance. Shorted 200 shares 2.425 avg, risk 2.59-2.7, will short more into pops up to 2.7. Still red on the day, hoping for continuation to below 1.5. Added 200 more shares. New avg 2.32. Gapped down the next morning, but held 2.00 area and started to come back. I covered at 2.145 avg. Good trade.
Broker:Interactive Brokers
| Date | Price | |
|---|---|---|
| Entry | 5/8/2017 | 2.33 |
| Exit | 5/10/2017 | 2.145 |
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- Position Size400
- Percentage7.94%
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