Friday, January 22, 2010

The ACOR TRADE

What a crazy day today. I traded whole bunch of securities such as... Long PARD SOMX GNVC and Short AIG...etc but one of the most exciting trade was ticker $ACOR.

FDA approval news came out around 3:35 ET. I immediately pull up both 5min/1min chart of ACOR anticipating a secondary breakout. After 17 mins of consolidation from the initial spike-up the stock was setting up for a breakout again, which triggered my buy at $27.41 (3:52ET) and sell $29.18 (3:53ET) in less than a minute.




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4 comments:

  1. kunal00January 22, 2010 at 3:19 PM

    bad ass trade bro...thats some serious skill

    ReplyDelete
  2. Tradermarket247January 22, 2010 at 9:31 PM

    LOL I was soon close from shutting down my trading platform and call it the day.. last minute surprise. Should have bought more!!

    ReplyDelete
  3. pennyflipperJanuary 24, 2010 at 9:02 PM

    nice effin trade!

    ReplyDelete
  4. AnonymousJanuary 27, 2010 at 4:21 AM

    nice post. thanks.

    ReplyDelete