Wasn't at the screen most of the day yesterday due to personal issues. The stock ?I wanted to trade didn't have any shares to short so I didn't hang around for too long.
$RKDA went absolutely nuts on Wednesday and yesterday was reckoning day.
Yes that's right this was 5$ one week ago and yesterday it hit a high of 66$...talk about return on investment. Fundamentally this is a crap co' of course :). The move wasn't sustainable and it was bound for a huge drop but no shares to short here.
56$ was the level I was watching and when it broke it was all down hill from there.
Not gonna be trading tomorrow as I will not be home. That's gonna be it for this week we'll write a review of the entire week on Sunday or Monday probably. Have a great weekend!
Trade well!