KhunSaeb
Long

ACIA capital pivot

NASDAQ:ACIA   ACACIA COMMUNICATIONS INC
22 0 0
went long ACIA             a half positon at 101.75 after ACIA             announced secondary public offering to be priced 100. stops at 98/97ish. With 50dma and last local low sitting right at its current price, a breakdown hitting stops in this area doesnt seem so unlikely either.
Trade closed: stop reached: prices went up back close to my entry this morning and I was thinking about closing that trade there manually for the reason mentioned above. However, I didn't close it hoping to see it rallye again. Which did not happen and I had to take that medium loss at 97.30.
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