CHWY Trade on Mar 31, 2021 09:49 from spyrosz: Tradervue User Stock Trades.

Good earnings report:
-- EPS + rev. beat, rev. up +50% Y/Y
-- gross margin above est.
-- Guides Q1 rev. above est.
-- 15% short float--> significant, 88% inst. ownership

Very strong premarket action. Gap-up above $87 major daily resistance level, pushed to $94! before market open.

Premarket plan was to get long the flush to S1=premarket resistance pivot=$89, or even better (if lucky) S2=major daily resistance level=premarket support=$87, expecting a hard bounce and push to premarket highs.

Opened...and got hammered. It flushed below S1=$89 with authority and I sat tight here as tape wasn't looking good. Put a bid in-front of S2 though.

Bid for Tier 0 size got hit in-front of S2, risking $85.5s, wanting to add thru VWAP remount for the push back to $90+.

Remained very weak. Sold small at the pop to VWAP, tried to reload after seeing buyers holding $87.5-88, but quickly got out of the add as it rolled-over.

Things got nasty when it broke VWAP and popped to $90. Seller just unloaded into poor bid. Saw it on the tape, and got the memo that it was time to play defense here.

Stopped out of the last small piece once it broke $87...

Disappointing on a day with QQQs +1.8% and major tech/growth higher.