Shared by
foldelinio_BOWS
96.88M float/24%short of float/56.90%institutionals
Playbook: Benziga article on a record inventory of unsold cars in China. Stock is trading above the 187.50$ key support and shows some strengh premarket. Lot of shorts in already. If it can spike above 196$ and wipe out weak shorts, I expect a nice flush as soon as we get close to support
Stop: 1st trade: 193.50$/2nd trade: 193$
R:0
Was looking for a short entry on the Benzinga - article. First stab after WVAP did not hold at the open, second stab after the failed HOD retest. Flush never came, I scratched
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-16 09:45:20 | TSLA | sell | $191.490 | short |
| 2015-03-16 10:10:34 | TSLA | sell | $190.601 | short |
| 2015-03-16 10:13:39 | TSLA | buy | $191.010 | 0 |
| 2015-03-16 12:03:12 | TSLA | sell | $191.910 | short |
| 2015-03-16 12:10:30 | TSLA | buy | $192.150 | 0 |
Comments
kunal00
what does benzinga article ahve to do with it? the guys at benzinga are good friends of mine. they have a blog and repost news?? im not sure i get it. great guys but not sure what htathas to do with tesla
kunal00
but the main thing is u dont have any technical setup
foldelinio_BOWS
Hey guys, thx for the review. I though this article was enough of a catalyst to break the 188$ key level on the daily. I wanted to get into a position anticipating the flush. It didn't work out, so I scratched. Nevertheless, it was a stupid move. Too many shorts and no technical setup.
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There is no short setup on the daily char as the stock is getting an oversold bounce. Wait for it hit some daily resistance. Align all time frames !