PFE Trade on Nov 9, 2020 09:40 from Runner73: Tradervue User Stock Trades.

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Runner73

 

1) Stocks is holding above 20 cents area after 3 and a half ATR sell off, it was holding above 40 cents area and trying to break above 50 cents area, it was playing between 45 and 49 cents staying in this range but at some point I saw that bids quickly dropped down 45-44-43-42-41-40-39-38, offers dropped below 40 I sold it

2) I realized that 40 cents area now became resistance, and stock is playing around 32-40 area and has a tough time to hold near 40, so I shorted it, covered above 40 cents

3) Stock tried to break above 50 cents again, came to 40 cents and did the same, dropped below 40 so I hit it again, when we came to 39$ area, it were ton of bids there, they cleared very quickly, covered at 90 cents after it broke down

4) And again that 40 cents area, having trouble to get through, covered it when stock jump back above 40 cents and refused to lose it again, I saw it starting push up so covered it quickly

5) And again that 40 cents, no need to explain I guess, so stock has a held offer at 40 cents then at 42 cents, when stock came to 45 cents - big offer was taken and I covered it

6) Now I realized that we hold above that 40 cents and taking it long, on the way up big offers at 50 cent were taken easily, now when stock at 60 cents area I started to suspect that it has no power to stay above 60, it was making a lower highs on tape also, knew but didn’t close it at 60 area, got out at 38 cents

7) Play off 40 cents again, covered after the drop of $39

8) was in a range of 85 cents and 90th, 85 was holding every time when stock approached this area, now we below, many big bids at 80 cents were cleared, I got in- covered it after a big drop

9) On retracement looks like stock can’t hold above 80 cents, covered when stock back above 80 cents, also we had a tough guy at 64 cents with 120K bid, he was cleared for half, but never back again to that 64 bid


Execution detail:

Date/time Symbol Side Price Position
2020-11-09 09:40:21 PFE buy $39.220 long
2020-11-09 09:41:56 PFE sell $39.370 0
2020-11-09 09:42:08 PFE sell $39.320 short
2020-11-09 09:46:57 PFE buy $39.420 0
2020-11-09 09:47:26 PFE sell $39.380 short
2020-11-09 09:48:36 PFE buy $38.900 0
2020-11-09 09:53:20 PFE sell $39.380 short
2020-11-09 09:53:57 PFE buy $39.480 0
2020-11-09 09:54:33 PFE sell $39.390 short
2020-11-09 09:56:53 PFE buy $39.460 0
2020-11-09 09:57:03 PFE buy $39.470 long
2020-11-09 10:00:51 PFE sell $39.380 0
2020-11-09 10:01:13 PFE sell $39.320 short
2020-11-09 10:10:56 PFE buy $38.860 0
2020-11-09 10:13:15 PFE sell $38.800 short
2020-11-09 10:16:41 PFE buy $38.390 0
2020-11-09 10:22:02 PFE sell $38.790 short
2020-11-09 10:30:02 PFE buy $38.800 0


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