Shared by
foldelinio_BOWS
100M float/5.60% short float/69.10% institutional
Lower guidance + downgrades aftermarket. Continues to trade weak prmkt. Inflexion at 45$, so if it holds below I want to short it. Resistance from premarket: 46$, 47$, 48$
Stop: 45$
R: 1
Entry went according to plan, but I failed to see that support level at 44.50$ on the daily and that's were it turned. Overall a pretty illiquid stock for the float and price. Trade management was a little off, since my last add was into support.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-12 09:34:05 | RAX | sell | $44.920 | short |
| 2015-05-12 09:35:32 | RAX | sell | $44.990 | short |
| 2015-05-12 09:37:20 | RAX | sell | $44.720 | short |
| 2015-05-12 09:37:39 | RAX | buy | $44.660 | short |
| 2015-05-12 09:39:54 | RAX | buy | $44.800 | short |
| 2015-05-12 09:44:51 | RAX | buy | $44.770 | short |
| 2015-05-12 09:51:00 | RAX | buy | $44.950 | 0 |
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