SFIX Trade on Mar 9, 2021 09:47 from spyrosz: Tradervue User Stock Trades.

Earnings Report:
-- EPS beat, rev. miss but +11% Y/Y
-- Active clients up 12% Y/Y but net rev./client down -7%
-- EBITDA negative missing est. was the main one!!
-- 65% institutional holding, +14% short float.

Big gap-down premarket (approx. 25%) after earnings report, right in-front of major support S1=$52.4. S2=premarket low=$50, then S3=door to daily gap created after previous earnings=$48.58. R1=$55, then R2=$65.

Premarket plan was to stay put until the short float takes profit and then see if I can get a short at higher prices. But things played out differently.

Opened weak and instantly flushed thru S1 to premarket low S2=$50. Tried to bounce, reclaimed S1 but couldn't even make it to R1. Didn't hold S1 for more than 5mins before breaking lower.

Got short Tier 0, risking above S1=$52.4, added three momemtum tiers for the break of S2=LOD=$50, risking VWAP for the adds, expecting the momo sell-off to S3=$48.5.

Wicked thru $50, instant reclaim and push higher and I trimmed a lot of size quickly, thinking 14% short float. Left with 30% respecting stop above S1.

Brutal rejection at $52 and back below VWAP, and at that point sellers took complete control. Such a weak tape:
-- offers pressing lower, with instant re-offering every time someone attacked the ask.
-- big bids appeared close to and below S2=LOD=$50.

---> Someone was getting out.

Reloaded initial size adding another half-tier, risking above the lower high and $52 whole number, got max. size at the super tight 15min consolidation below S2=$50, tightening stop to $50.7, expecting the move to S3, and thinking about potential gap-fill on daily all the way to S4=$42.3.

Covered 70% on the way to S3, reloaded small after lower high below VWAP risking above S2=previous LOD, since it continued to show extreme weakness, wanting blood and S4.

The reclaim of 9EMA@15min chart on increased volume after "double-bottoming" at $47.5, showed me that it was probably done for the day, already -30%, so I got flat.

Remains on main watch for the gap-fill. Day I LOD=$47.5!