$GRPN Trade Review - Shorting Earnings Breakdowns

Kunal
Desai
May 21, 2012
How to trade stocksbows-opengraphTrading-Watch-List

Here is a short trade we made in $GRPN last week. This stock popped on earnings and immediately started to fade. Once it became obvious, via the chart, that the pop wasn't going to hold we started to look for a setup intraday to short it. We entered at $13.69 and added more to the short at $13.61, covering our shares at $13.18 & $13.08. We then reshorted the stock at $13.05 and covered our shares at $12.51.If you want to learn how to short stocks like a pro, let me know. kunal@blog.blog.blog.bullsonwallstreet.com[screencast url="http://screencast.com/t/8ULTIi6CLG" width="" height=""]

Subscribe to newsletter
By subscribing you agree to with our Privacy Policy.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Share