SEDG Trade on Nov 3, 2020 09:38 from spyrosz: Tradervue User Stock Trades.

Earnings Release:
* EPS beat, rev. miss -17.7% Y/Y, with rev. related to solar business -19% Y/Y. Ouch:/
* gross margin slight improvement
* Q4 rev. guidance below consensus!!
* Short float 6.5%, 2.2 DtC, 90% inst. ownership
* +180% YTD before the gap-down vs SPY +4.4%.

-18% premarket, some got annihilated.
Remained very weak premarket, creeping lower towards S1=$213.
S2=20SMA@weekly=$209.5, then S3=$204.5. Below S3, next major daily support level at S4=$196.

Premarket plan was to short the morning pop towards R1=premarket resist. pivot=$222, or (even better) R2=$228, for the roll-over and the flush towards S2=$209.5 or S3=$204.5.
I had a bit of FOMO going on here, as it looked very weak and I knew there were many chances just to flush towards S2-S3 at the open w/o providing a calculated entry.

And that's what happenned.
Opened below S1=$premarket low=$213, rejected it, and then quickly moved lower all the way to $200!

Hard bounce from $200 all the way to S1=$213. What a market gift!!

Scaled into the short risking above R1=$222, got big when it rejected the desc. resistance trendline that had established at premarket session, tightening stop to HOD=$218, expecting the retest of S3=$204.5.

Covered small at S2=$209.5, and bulk in-front of S3=$204.5.

Small add when it finally cleared S3 and moved lower towards LOD=$201.5.

Scalped the channel, shorting the pops to resistance S3=$204.5-205.5 zone, and taking covers in-front of LOD=$201.5, unti it stopped working.

Decided to hold about 20% of core size as a swing short:
- big intraday PnL on the name
- weak close near the bottom of intraday range, and below VWAP
- daily has potential for lower prices

-$14 opening flush on Day II, covered some in-front of premarket low=$197.5s and at the extention to $190. Got filled 10c above LOD=$190.1! Nice:))))

Held a small trailer as rest of solar names (TAN, JKS, FSLR) were getting hit by GOP taking senate, thinking SEDG might see $180-182 the following days.
However, it did a complete reversal and found its way inside Day I range, even breaking above yesterday's close=$206.

Covered rest before the close.

HUGE swing short. Nice trade.