$539 Profit
XXIIShort Stock

$XXII biotech runner spotted on intraday scanner near end of July, then trading volume of 8M-10M shares daily. I closely tracked July 31st selloff, but the stock continued to show higher lows on the daily chart with high % of the float short. Aug 4th - short squeeze w/ volume pop for clean breakout - Once past $2.50 I was thinking $3 waiting for the first major selloff. Started short into 8/7 morning spike pullback, entry $2.71 on VWAP snap, risking off $2.85 HOD - hard pullback under $2.50
Newsletters:Pennystocking Silver
Broker:Interactive Brokers
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| Date | Price | |
|---|---|---|
| Entry | 8/7/2017 | 2.71 |
| Exit | 8/9/2017 | 2.22 |
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- Position Size1,100
- Percentage18.08%
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