26.19M float/ 27% short float/100% institutionals
Our good old friend is setting up again. Monster squeeze premarket above stops at 31.20$. There is a telephone conference with regulators at 10am, so if anyone wants to trade it, be carefull. Could be halted. Besides that, I'm looking for a long.
Stop: 30.40$
R: -1
Well, just another trade without defined edge. I should stop doing them, but somehow I can't. I need to trade in order to get more info and finetune my setups. That's why I played that one with miniscule size.
Acually, I wanted to get long on the squeeze, so I figured, the best entry would be below stops at 30.50$ were shorts would cover and longs are pulled. Bids held nicely and it came back pretty quickly after the flush. Got in at market, which was a bad idea. It never went above my entry, so I joined the offer and got out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-25 11:32:29 | LL | buy | $30.680 | long |
2015-03-25 11:33:41 | LL | sell | $30.480 | 0 |
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