Former runner. Bounce off a #5 higher low. First green day. Bought on a hard pull back that broke the upward trendline all day. Was contemplating holding overnight, because history of multiple green days, but didnt. No news, too big a float. Chickened out of the trade even though had good risk. Stock resumed climb and closed near HOD. I'll watch tomorrow to see what happens.
Entry comments: near the cliff
Exit comments: out
Overnight position. Cut losses according to plan.
Bounce play #5 getting a little V on the day.
First short. Continued down but cut too quickly for small profit to Stop losing streak
Original Short, but patience would have paid off huge with a much larger credit, but I was keeping my risk manageable along with the hype of it spiking on a sub buyout rumors.
Small hedge on my $7.50 Call short position. Was looking for the no news and selloff, but the spike to the low 9's caught me off guard a little but after the failure in the $8.50 it pretty much went straight down. now down to the low $5's. Would have been a great short on the failure if I waited for this delayed spike.
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