Shared by
Cklamb
HOG
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???
Technicals
ADV 1.9 M RVOL 1.3 ATR 1.02 BETA 1.2 Short 11% Inst Own. 99%
Daily
Hourly
Intraday
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 | Side | Price | Position |
|---|---|---|---|---|
| 2019-10-22 14:39:53 | HOG | sell | $40.485 | short |
| 2019-10-22 14:40:40 | HOG | buy | $40.515 | 0 |
| 2019-10-22 14:45:09 | HOG | sell | $40.480 | short |
| 2019-10-22 14:47:25 | HOG | sell | $40.602 | short |
| 2019-10-22 14:47:49 | HOG | buy | $40.665 | 0 |
| 2019-10-22 14:50:43 | HOG | sell | $40.775 | short |
| 2019-10-22 14:54:31 | HOG | buy | $40.720 | short |
| 2019-10-22 14:58:08 | HOG | buy | $40.610 | 0 |
| 2019-10-22 15:00:38 | HOG | sell | $40.480 | short |
| 2019-10-22 15:22:21 | HOG | buy | $40.766 | 0 |
| 2019-10-22 15:27:17 | HOG | sell | $40.690 | short |
| 2019-10-22 15:27:26 | HOG | buy | $40.715 | 0 |
| 2019-10-22 15:28:02 | HOG | sell | $40.710 | short |
| 2019-10-22 15:28:52 | HOG | buy | $40.678 | 0 |
| 2019-10-22 15:30:09 | HOG | sell | $40.600 | short |
| 2019-10-22 15:30:12 | HOG | buy | $40.578 | 0 |
| 2019-10-22 15:31:37 | HOG | sell | $40.520 | short |
| 2019-10-22 15:31:37 | HOG | sell | $40.520 | short |
| 2019-10-22 15:31:45 | HOG | buy | $40.508 | 0 |
| 2019-10-22 15:32:04 | HOG | sell | $40.485 | short |
| 2019-10-22 15:32:09 | HOG | buy | $40.463 | 0 |
| 2019-10-22 15:32:44 | HOG | sell | $40.416 | short |
| 2019-10-22 15:32:58 | HOG | buy | $40.380 | 0 |
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