Shared by
beno
Technical Analysis
-Beat down chart
-Longs form October want to take profits
-Coming into a lot of resistance starting at 7.50
Catalysts / News
-Powerlines may have started 3 california fires
-Power shut off due to safety concerns
-Company restructuring, possible bankruptcy
Original Plan / Strategy
Ticker on radar after parabolic afternoon then halted on huge down move. Plan was to get short in hopes of another infinite dump.
Review
Got short after the leg up after the second big dump at 2:03pm. Plan was to add until 7.50 then stop in mid 7.50s. Got a decent afternoon short but didn't dump a third time.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-04 15:10:29 | PCG | sell | $7.290 | short |
| 2019-11-04 15:13:41 | PCG | buy | $7.310 | 0 |
| 2019-11-04 15:19:17 | PCG | sell | $7.390 | short |
| 2019-11-04 15:32:17 | PCG | buy | $7.240 | short |
| 2019-11-04 15:57:33 | PCG | buy | $7.350 | 0 |
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