Another comparison for this market would be FOSL. it had the exact same price action from that NASDAQ Sh*t show 
They "broke" it in one session like 55 pts. It then traded down another 10 pts in the weeks there after. Also, a retailer, a high flying story stock.
I don't think anyone would call selling into any CMG lift a bad trade even if you took a hit on that shot. It would actually be deemed a good prob short term trade. Stock is broken.
But, put your ear out see what the talking heads are saying & whether you agree with them or think you should fade them.
It's at least a place to start to form an opinion.
They "broke" it in one session like 55 pts. It then traded down another 10 pts in the weeks there after. Also, a retailer, a high flying story stock.
I don't think anyone would call selling into any CMG lift a bad trade even if you took a hit on that shot. It would actually be deemed a good prob short term trade. Stock is broken.
But, put your ear out see what the talking heads are saying & whether you agree with them or think you should fade them.
It's at least a place to start to form an opinion.