Shared by
dust247
Got into this trade after ALF exploded, this looked like a similar setup. Should have been more greedy, especially on the first 2k.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-06-25 14:06:00 | MRIN | buy | $3.440 | long |
| 2021-06-25 14:07:00 | MRIN | buy | $3.490 | long |
| 2021-06-25 14:10:00 | MRIN | buy | $3.540 | long |
| 2021-06-25 15:11:00 | MRIN | sell | $4.123 | long |
| 2021-06-25 15:56:00 | MRIN | sell | $3.726 | long |
| 2021-06-28 09:30:00 | MRIN | sell | $5.588 | long |
| 2021-06-29 10:17:00 | MRIN | sell | $9.660 | 0 |
Comments
dust247
2021-07-03 11:31:19
Both stocks turned over their float many times on day 1, which the theory goes that there are a lot of naked shorts. Once the stock continues on Day 2-3-4 these guys get into trouble and create these ridiculous moves.
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Nice.. looks like you good profit on this one. How did you land up on this stock from ALF? Is there any correlation between these two? Have a nice weekend.