Shorted 1800 shares of KLDX AT 2.23 as stock was down trending and had high volume sellers. After watching for 1 hour the stock could not break below 2.20. Showed signs of reversal so I got out. Basically it paid for my brokerage fees. Catalyst: Hecla mining to buy Klondex at $2.47 share. Stock was downtrending so I took a chance that it would continue to down trend for a small profit. It did not.
Broker:ETrade
| Date | Price | |
|---|---|---|
| Entry | 3/19/2018 | 2.23 |
| Exit | 3/19/2018 | 2.225 |
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