PIXY was a massive after hr mover with an ultra low float of 300k and a recent reverse split.
My first trade off a hold at what was acting as support $22 held and spike. Things were looking good but it slammed right back down and I was then under water. I added one more time when the price started to base but then again flushed and now I was in double under water for about -$280 at which point I cut my losses when it looked like $18 hold was failing.
It was at that moment that I noticed $18 quickly recovered and this time it was bouncing off a support level I had drawn earlier. I decided to clear my head and jump back in when the price broke out of the down trend and I caught a MASSIVE short squeeze all the way back to near the pre market highs for $7/sh covering all my prior loss plus some.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-08 09:32:05 | PIXY | buy | $23.750 | long |
2020-01-08 09:39:09 | PIXY | buy | $20.250 | long |
2020-01-08 09:55:46 | PIXY | sell | $18.830 | 0 |
2020-01-08 10:02:09 | PIXY | buy | $18.740 | long |
2020-01-08 10:04:13 | PIXY | sell | $17.840 | 0 |
2020-01-08 10:05:35 | PIXY | buy | $18.799 | long |
2020-01-08 10:07:16 | PIXY | buy | $18.750 | long |
2020-01-08 10:41:41 | PIXY | sell | $26.110 | 0 |
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