I had one of these homerun plays short in TWTR this morning. I found TWTR on my gap continuation list from yesterday and honestly the first 25 minutes seemed like an eternity as I found nothing to jump on short as the market was selling off hard, but then I noticed TWTR consolidating making higher lows but not making any higher highs and as 10 o'clock reversal time neared price was going to trigger a sell on the 5 minute chart. As the market was starting to sell off hard I decided to go in full on my short play that triggered @ 31.36. Price moved down rather nicely with a flurry and as the market continued its hard sell off, I thought TWTR had a good chance to hit my first long target @ 30.28 so I place my order to cover my entire lot at 30.31 a full dollar and .05 cents away, basically a 4 risk unit trade. I just held on and kept the entire lot on and bingo target hit 25 minutes later, wow!
TWTR 05072014