115.07M float/6.20% short float/69.10% institutional
Down after CEO's stupid comments. Premarket sellers at 98$, buyers were seen at 96$. Technical key support at 95$. Bid from $KO at 80$, prior breakout spot 89.50$. Stock looks weak on the daily.
Stop: 96$
R: 10
Trade of the day.
96$ was the level that got bought premarket and I shorted a feeler as soon as it broke down. right at the open. I scaled half at 1:1 as soon as bids started to firm up, but re - added right away into a pullback of 95$, the level on the daily. I scaled a little into support and closed as soon as volume picked up.
Second trade was a pullback trade and I still have trouble to find an exact entry, since I never know which resistance is going to hold. Line in the sand was 96$ and I managed to wiggle myself into a short by starting small, average into it and scalp the core in order to improve my average price without adding too much risk. I failed to add into the final push into 96$, cause it really looked scary, so my average was too low to really hold onto the trade.
Nevertheless a small 40ct winner.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-15 09:30:34 | GMCR | sell | $95.880 | short |
2015-05-15 09:31:17 | GMCR | buy | $95.660 | short |
2015-05-15 09:39:19 | GMCR | sell | $95.000 | short |
2015-05-15 09:43:12 | GMCR | buy | $94.890 | short |
2015-05-15 09:44:04 | GMCR | buy | $94.420 | short |
2015-05-15 09:54:43 | GMCR | buy | $93.730 | short |
2015-05-15 10:12:38 | GMCR | sell | $94.480 | short |
2015-05-15 10:13:21 | GMCR | buy | $94.130 | short |
2015-05-15 10:24:29 | GMCR | buy | $94.580 | 0 |
2015-05-15 10:37:11 | GMCR | sell | $94.950 | short |
2015-05-15 10:39:08 | GMCR | sell | $95.560 | short |
2015-05-15 10:40:17 | GMCR | buy | $95.250 | short |
2015-05-15 10:45:11 | GMCR | sell | $95.300 | short |
2015-05-15 10:47:29 | GMCR | buy | $95.230 | short |
2015-05-15 11:01:57 | GMCR | buy | $94.930 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!