EBAY Trade on Feb 4, 2021 09:59 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Good earnings report.
- EPS beat, rev. beat +28% Y/Y
- Gross merchandise volume of $26.6B vs. consensus of $25.18B.
- Active buyers grew by 7%, for a total of 185M vs. consensus of 186.1M.
but most importantly
- BIG next Q rev. + EPS guidance raise above consensus!!
- Short float 3.7%, +25% YTD vs QQQs +5.5% YTD and SPY +3.7% YTD

+25% YTD vs +5.5% YTD QQQs could cause some profit-taking at the gap-up, but FQ raise was significant. Premarket plan was to get "long" at the opening flush to S1=$63 or S2=$61.5 (even better), expecting to bounce back breaking R1=premarket high=$64.5.

No opening flush lower, instead it tried to break R1=premarket high=$64.5 but got rejected and rolled over. I didn't try the long at S1=$63 since it looked weak, but I tried it at S2=61-61.5 area.

Got long filler size, risking wide stop below $61 whole number, added after the 1min volume spike below $61 tightening stop to LOD=$60.85, expecting the bounce to VWAP at a minimum

Tape remained so weaaaaak that I started revising targets to the downside. Sold bulk at the pop to $62, held small size to see how it would react with the 9EMA@15min chart. Clear rejection and roll-over back to lows was enough to get flat.

image


Execution detail:

Date/time Symbol Side Price Position
2021-02-04 09:59:30 EBAY buy $61.780 long
2021-02-04 10:07:24 EBAY buy $61.360 long
2021-02-04 10:07:58 EBAY buy $61.320 long
2021-02-04 10:12:08 EBAY buy $61.200 long
2021-02-04 10:24:24 EBAY sell $61.830 long
2021-02-04 10:26:24 EBAY sell $61.940 long
2021-02-04 10:28:09 EBAY sell $61.600 long
2021-02-04 10:40:14 EBAY sell $61.230 0


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