Bubblicious market + space exploration + ARK Invest (Cathie Wood) + 20-30% short float (4.83 DtC) for fuel = that's how you design a rocket.
Bullish bias as the short float had to bail/re-adjust, premarket plan was to get "long" at the flush to S1=premarket pivot=$31 or even better S2=premarket low=$30.5, expecting the pop to R1=premarket high=$32.2, maybe R2=$34.
Played perfectly. Flushed right into bid at S2=$30.5
got long Tier 0, risking $30 whole number, added momo tier once it reclaimed S1=$31 and pushed thru VWAP, tightening stop to S2=LOD.
Covered 70% in-front of R1=$32.2, held rest targeting R2.
Big dump from R1 back to S2 caught me off-guard a bit, reloaded some in-front of S2 risking same stop, but got stopped out almost instantly at the stop-run.
I should have re-entered (hindsight 20/20) but had 2nd thoughts after the R1-S2 dive.
Rallied back, broke above R1=premarket high=$32.2,
immediately placed bid in-front of the level and got long Tier 0, risking below $32 whole number, as all shorts vs premarket high had to cover.
Stress-free ride to R2, covered bulk, left small trailer on that got stopped later.
(+) Followed premarket thesis, good executions
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-14 09:31:25 | SPCE | buy | $30.550 | long |
2021-01-14 09:35:19 | SPCE | buy | $31.250 | long |
2021-01-14 09:36:32 | SPCE | sell | $31.800 | long |
2021-01-14 09:36:44 | SPCE | sell | $31.990 | long |
2021-01-14 09:38:32 | SPCE | sell | $32.100 | long |
2021-01-14 09:47:57 | SPCE | buy | $30.560 | long |
2021-01-14 09:48:12 | SPCE | sell | $30.410 | 0 |
2021-01-14 10:11:09 | SPCE | buy | $32.250 | long |
2021-01-14 10:21:32 | SPCE | sell | $33.400 | long |
2021-01-14 10:25:22 | SPCE | sell | $33.430 | long |
2021-01-14 11:24:01 | SPCE | sell | $31.880 | long |
2021-01-14 11:24:01 | SPCE | sell | $31.890 | 0 |
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