Shared by
rakeshravani
R2B: I like this play. The price hits a new low or undercuts a low and the next day reverses higher-- bear trap. The price action then forms a higher low. In this case, starting to hug the 10MA. Finding an entry close to the MA with stops below the base is worth a shot. In this case, I'm hoping that I can sell most of my position for a gain before earnings and hold a small piece to see how it goes. I got really lucky with my entry on a day when the markets were weak and SHAK was falling on no news and light volume.
R2S: Sold 50% today. The stock had trouble around 48 yesterday and has been going south. Does someone know something prior to earnings? Will find out soon...
R2S: Closed the position before earnings release.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-03 11:59:33 | SHAK | buy | $44.220 | long |
| 2015-03-03 12:08:59 | SHAK | buy | $43.500 | long |
| 2015-03-06 11:51:48 | SHAK | sell | $42.860 | long |
| 2015-03-11 16:03:33 | SHAK | sell | $46.900 | long |
| 2015-03-11 16:03:33 | SHAK | sell | $46.900 | 0 |
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