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Oct 22, 2019 09:33

Shares traded: 120
Closed Gross P&L: $-0.84


Opening Resistance hold Short

Intraday Fundamentals
• Harley-Davidson Q3 Earnings, Revenue Exceed Estimates; Shares up 5%
• BZ: Harley-Davidson International Retail Sales Up 2.7%, US Retail Sales Down 3.6%
• Harley-Davidson Q3 Adj. EPS $0.70, GAAP EPS $0.55 vs $0.51 Estimate, Sales $1.97B Beat $1.04B Estimate
• *Harley-Davidson 3Q Worldwide Retail Motorcycle Sales Down 1.2% >HOG
• Summary thoughts. They are significantly down on all counts even the only piece that was good is the current EPS beat and revenue
• NOT as bad as the street though??? Is that a reason to long???
ADV 1.9 M RVOL 1.3 ATR 1.02 BETA 1.2 Short 11% Inst Own. 99%



Trading Strategy
• Short Bias
• This may be the best opening short, some people are up as much 10% due to
Reading the Tape
I tired to pick spots in the afternoon. But, in this one, it would look weak and turn strong and vice versa.
Trade Management

• My bias hurt in the late morning
• The HoD shorts were well played. I did nee to hold the trade coming off the HoD and kept the remainder until there was reason to sell

Execution detail:

Date/time Symbol Qty Price Position
2019-10-22 09:33:45 HOG -20 $39.806 -20
2019-10-22 09:34:16 HOG 20 $39.610 0
2019-10-22 10:27:08 HOG -20 $39.242 -20
2019-10-22 10:28:39 HOG 20 $39.403 0
2019-10-22 10:29:30 HOG -20 $39.315 -20
2019-10-22 10:36:50 HOG 20 $39.391 0

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