-$12 Loss
GOGOLong Stock
Yesterday, this stock had a nice multi-month b/o on a preliminary earnings PR w/ strong vol. I put it on my watchlist for a continuation b/o. Right at the open today, it made a new multi-month high on strong vol. Right as it b/o, the stock squeezed up to the 5.4s because 40% of the shares are short. I didn't want to chase it so I waited for the b/o confirmation dip entry. It came down nicely to within my range at 5.3, off the b/o level of 5.27. Some support formed, but it didn't last for long.