ISLE (Isle Of Capris Casinos) gapped down below T1 to open at 23.30 today, where any standing BTC limit orders set at T1 would have been filled for a 10.7% profit in just 9 trading session since the short entry. As with all trade ideas on RSOTC, when a short trade gaps down beyond a price target or above a stop loss order (and ditto with long trades gapping beyond price targets & below stops), the opening price is then used to calculate the gain or loss on that trade as any standing BTC limit or stop-loss orders on short trades (or sell limit & stop-loss orders on longs) would be filled at the opening price. Limit orders are filled at the limit price or better, in the instances where a stock gaps beyond or quickly moves through your limit price. T2 at 22.04 remains the final target at this time & the suggested stop will be lowered to 23.40 in order to protect profits.
ISLE First Price Target Hit for an 11% Profit
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