Shared by
foldelinio_BOWS
40m float/12% short float/97% institutional
playbook: Oil stock secondary offering at 45.50. Big buyer on 45.50 premarket. Underwriter: Goldman/Citi
Stop: 45.50
R: -4
Supporting bid was 45.55$ the secondary offering price. It held up nicely so I started to frontrun it and build up size for the r/g. Bid disappeared and I wasn't quick enough to get out. Either hotkeys or fixed stop.
Wasn't a great trade regarding R, but I took profits on the upticks and managed my risk with sizing. Overall it was just a trade, that did not work out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-17 09:41:16 | CRZO | buy | $45.550 | long |
| 2015-03-17 09:43:38 | CRZO | buy | $45.520 | long |
| 2015-03-17 09:44:00 | CRZO | sell | $45.570 | long |
| 2015-03-17 09:45:44 | CRZO | buy | $45.500 | long |
| 2015-03-17 09:46:56 | CRZO | sell | $45.550 | long |
| 2015-03-17 09:49:32 | CRZO | buy | $45.500 | long |
| 2015-03-17 09:50:12 | CRZO | sell | $45.540 | long |
| 2015-03-17 09:50:23 | CRZO | sell | $45.340 | 0 |
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