Shared by
metp2202
Tags:
Afternoon fade
Afternoon setup on PRPO, given the weakness and the amount of meat that was left for a potential afternoon fade, I got short at 5.71 with 275 shares ish and then added size at 5.26 (moving my stop at the same time to 5.95. I ate the loss at 5.79 as we were reversing and coming back up above the range. It just felt like a short squeeze though and I was still convinced that we could close weak and go red afterhours. I got back short 500 shares at 5.92 and covered at 5.04 afterhours. Nice trade overall and good resiliance.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-05-04 12:13:17 | PRPO | -100 | $5.710 | -100 |
| 2021-05-04 12:13:17 | PRPO | -20 | $5.710 | -120 |
| 2021-05-04 12:13:17 | PRPO | -52 | $5.710 | -172 |
| 2021-05-04 12:13:18 | PRPO | -28 | $5.710 | -200 |
| 2021-05-04 12:15:35 | PRPO | -75 | $5.840 | -275 |
| 2021-05-04 12:49:06 | PRPO | -275 | $5.260 | -550 |
| 2021-05-04 13:50:50 | PRPO | 52 | $5.790 | -498 |
| 2021-05-04 13:50:50 | PRPO | 300 | $5.790 | -198 |
| 2021-05-04 13:51:03 | PRPO | 49 | $5.790 | -149 |
| 2021-05-04 13:51:03 | PRPO | 149 | $5.790 | 0 |
| 2021-05-04 14:43:08 | PRPO | -100 | $5.920 | -100 |
| 2021-05-04 14:43:08 | PRPO | -400 | $5.920 | -500 |
| 2021-05-04 16:53:28 | PRPO | 500 | $5.040 | 0 |
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