RMG Trade on Dec 28, 2020 09:05 from Runner73: Tradervue User Stock Trades.

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Runner73

 

$RMG was gap up around 12% in PM with no news behind, RVOL-3.15 around 9am, made 400k volume at that time,Avg Vol~3M
So i put some VWAP from the PM open and VWAPs from the tops, it was around $38.60, I got in in PM at that area, had a level at $37.73-covered 20 shares there
$37 was a level too, DRCTEDGE 54K on the bid at $37 didn't cleared at the beginning, bids jumped to .10 cents and stopped, the guy at $37 was cleared by big pieces,
I wanted to add here but already had no shares for short so, stock dropped to $36 very clearly and and steady - tape slowed at that area so I covered the last 30 shares
Had no shares for short so I moved to $XL

Now I do have shares for short, by the plan (short below $37) I so stock came to #37 area - stopped and dropped to .85 cents - I hit it there, offer jumped to $37.14
but bids were stuck at .80 cents (false breakup), stock dropped to .50 cents and stopped a bid, offers didn't pass .80 cents, stock dropped to $36 and stopped for few
seconds, I didn't cover, wanted to see what is gonna happend, 8K bid at $36 was cleared and stock flushed to .75 cents, I covered 20 shares, had a level at $35.42

At that point offers always were trying to jump back up, .75 cents, .80, .90, bid was at .60, then humped to .75 and stuck - then jumped above .80 cents and I covered.
In PM I had a level at $35.42 (I marked it like a turning point), so first drop bounced from that level very heavily so this time I said I cover if I see the bounce
Junped back to $XL


Execution detail:

Date/time Symbol Side Price Position
2020-12-28 09:05:22 RMG sell $38.600 short
2020-12-28 09:21:30 RMG buy $37.840 short
2020-12-28 09:30:56 RMG buy $36.070 0
2020-12-28 09:45:29 RMG sell $36.850 short
2020-12-28 09:47:55 RMG buy $35.840 short
2020-12-28 09:49:45 RMG buy $35.980 0


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