jangseohee
Short

When investor felt betrayed... bashing follows

NYSE:CVEO   CIVEO CORP CDA
28 0 0
Civeo Corporation, which provides housing accommodations to oil-drilling companies, announced on Monday that it would not pursue a conversion into a real estate investment trust, or REIT
As a result, investors felt betrayed and pissed to the max.
The price gapped down from 25.5 and after a little support @ 14.70, my short entry at 14.69 was triggered.
The next three minutes was a losing one until the bear was kind enough to me.
By the time the price make a second lower low, the MACD already showing trace of Bullish divergence.
Hence i took my profit @ 13.33.
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