WORK Trade on Sep 5, 2019 10:09 from Btat: Tradervue User Stock Trades.

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"Q2 Non-GAAP EPS of -$0.14 beats by $0.04; GAAP EPS of -$0.98 misses by $0.26.

Revenue of $144.97M (+57.5% Y/Y) beats by $3.7M. Q2 Calculated billings were up 52% Y/Y to $174.8M.

Paid customers were up 37% to over 100K with 720 of those customers having ARR over $100K, up 75%. The net dollar retention rate was 136%.

The Q3 forecast has revenue of $154-156M (consensus: $153.6M) and loss per share of $0.09-0.08 (consensus: $0.07 loss).

The FY outlook has revenue of $603-610M (consensus: $600.9M) and loss per share of $0.42-0.40 (consensus: $0.40 loss)"

Important to note we gapped down so much yet earnings were mixed and they guided upward in q3 and full year in revs and a tiny guide down of 1-2 eps.

WORK was was wedging around 10:00am took a starter along the trend, looking for the trend to break and add on a support test. Key here was seeing the elevated rvol and low intraday atr move.

took the starter risking last low, take some off into the push into the top range of the wedge, as we got to 27 key resistance I took off the starter.

We got the break of trend and holding of support which is confirmation of a trend play. Wanted to get filled as close to the low as possible, got filled .67 risk .64, tape was very strong and this thing would not drop. we get the push into 27 where I take off 1/3,1/3 where it started to get parabolic,and 1/3 into the key premarket area 27.5.


Execution detail:

Date/time Symbol Side Price Position
2019-09-05 10:09:35 WORK buy $26.525 long
2019-09-05 10:09:35 WORK buy $26.525 long
2019-09-05 10:12:12 WORK sell $26.730 long
2019-09-05 10:20:15 WORK buy $26.675 long
2019-09-05 10:20:15 WORK buy $26.675 long
2019-09-05 10:27:20 WORK sell $26.875 long
2019-09-05 10:27:20 WORK sell $26.879 long
2019-09-05 10:32:11 WORK sell $26.970 long
2019-09-05 10:37:26 WORK sell $27.240 long
2019-09-05 10:40:56 WORK sell $27.405 0


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