$TX: 48.92M float/n.a./n.a.
90cts dividend + earnings miss a couple of days ago. Looking to short this. Highly illiquid, so I might skip it if spread is too wide.
YClose: 20.62$
Div: 0.90$
MPrice: 19.72$
Stop: 20.50$
R: 0.3
I scaled in small above magic price but stock kept rising. Added twice into the push and waited for the flush below YClose - Div, but it never really came. This made me quite uncomfortable, so I scratched the trade.
It traded back down to my target on very little trading, so I was ok with the exit, because the setup did not work out as it's supposed to do this time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-08 09:31:04 | TX | sell | $19.980 | short |
2015-05-08 09:32:03 | TX | sell | $20.130 | short |
2015-05-08 09:34:00 | TX | sell | $20.000 | short |
2015-05-08 09:47:06 | TX | buy | $19.980 | 0 |
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