Trade Recap for Wed 6/13/12
I had longed RGIN yesterday on the perk off consolidation at 0.22 and held overnight. I sold half into the morning gap at 0.285, and then held the rest as it spiked. I tried to sell at around 0.33 but wouldn’t get filled. That actually worked out good for me, because I canceled the order and then re-routed to NITE and got out of the rest at 0.365. It continued to go higher but you have to sell these into strength while you can.
I also shorted USU at 1.06, but misplayed it and didn’t cover on the sub-1 wash (too busy watching other stuff), and ended up covering it in the 1-1.03 range. I then left for work but if I had held I would’ve gotten the mid 90′s which is what I was wanting in the first place.
I covered a swing short in the pump and dump LATI at 1.01 from a low 1.20′s entry. I also shorted AGRT at 0.42 but only got filled for 45 shares which I covered at 0.22.