Wednesday, March 28, 2012

INVN, shakout

The MMs jumped right over my stop and sank the stock.  It rallied after hitting the 26 ema, which also marks the highs from the past rally.  I added another 100 at 19.67

Update:  So that didn't work well.  They sank this one and I'm out for a loss at 18.90.  loss of $258 on the position, which sucks after being up over 2 points.  

Lesson: I don't mind the loss on adding at the 26 ema. I do mind that my initial stop didn't get filled.  More attention to the type of order in fast moving stocks is necessary!

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