Yesterday I tried shorting CPXX twice @ 10.80 for a breakdown, and it bounced back on me and it went back up to 11 every time.
This is not a setup I'm really familiar with: shorting into morning spikes. I tried to do that yesterday but it did not really work out. I cut losses quickly though.
What I learned from this, I learned from Tim's comments: When a stock surprises you - and CPXX did surpise - stay away: the rules would have changed.
No other play for me yesterday.
Have you had the same difficulties as me yesterday? Let me know what you think in the comments.
Posted Mar 24, 16 3:51 AMbyzaouad
Tickers
CPXX
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