Wednesday, June 01, 2011 11:51:22 AM
** LNKD : why PRE-SET? **
Today we got long LNKD @ $80.00, I got a market fill @ $80.22, the stock printed its lowest pps since IPO in the pre-M. That itself was enough to get my attention.
I did think it would at least have one single bounce before more wash if there were any (irrelevant if there was or non post the sell).
We set a target pps @ $82.00 but kept a pre-set limit order @ $81.50, in case it moves fast and the trader does not have enough time to hit the order manually, takes too long to think, gets greedy etc...
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The trade took about 5 minutes flat, on just 300 shares, thats a cool $450, not bad to start the day with.
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Here is the trade :
Without a doubt, $81.50 was the best possible exit today (with a large spread and a HOD @ $81.63). Know when to get in, and know ahead, when to get out.
Today we got long LNKD @ $80.00, I got a market fill @ $80.22, the stock printed its lowest pps since IPO in the pre-M. That itself was enough to get my attention.
I did think it would at least have one single bounce before more wash if there were any (irrelevant if there was or non post the sell).
We set a target pps @ $82.00 but kept a pre-set limit order @ $81.50, in case it moves fast and the trader does not have enough time to hit the order manually, takes too long to think, gets greedy etc...
---
The trade took about 5 minutes flat, on just 300 shares, thats a cool $450, not bad to start the day with.
---
Here is the trade :
Without a doubt, $81.50 was the best possible exit today (with a large spread and a HOD @ $81.63). Know when to get in, and know ahead, when to get out.
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