N/a
-Company contemplates Chapter 11 due if U.S. regulators don’t increase the amount of compensation the company would receive for giving up some of its airwaves
-Morning pop and consolidation at highs of 4.17
-Fade all day and remained below prior close level all afternoon until chapter 11 news dropped
-Stock downside halted and made low of 2.61
-Complete retrace but failed at 3.55 / VWAP
First Test short of 3.55 level with VWAP and half dollar confluence
Strong retracement from 2.60 and TAB caused me to size down my lots and move them a few cents higher. Tried to add another lot when it failed to break above 3.60 again but I forgot SSR was on so I didn't get filled (DOHHH). Overall good trade, scaled in and scaled out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-02-05 15:21:35 | I | sell | $3.490 | short |
2020-02-05 15:23:07 | I | sell | $3.540 | short |
2020-02-05 15:23:10 | I | sell | $3.590 | short |
2020-02-05 15:28:43 | I | buy | $3.420 | short |
2020-02-05 15:28:50 | I | buy | $3.360 | short |
2020-02-05 15:29:05 | I | buy | $3.290 | 0 |
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