thoughts on (opentable) ,
1. mistake in market direction
2. the stock was clearly strong, up +2.55% at EOD
so my view in supply and demand was clearly on the money.
3. if the market did not drop 1.8%, OPEN was guaranteed to be up like 3-5% .
4. I still had to remove the position because of risk management, doesn't bother me one bit.
5. next refinement= don't trade against volente regardless of how strong the suppy and demand is of individual stocks.