Shared by
MichaelBLe
Tags:
7:02AM
I have been waiting for an opportunity to get back into this name. The stock gapped down with the general market and tested the 50 DMA. When you zoom into the hourly chart, you can see that RBLX gave up minimal to the downside. There is a small wick under the opening price. This shows support for now. I have this on a tight leash and will exit my position if we close weak.
I would like to add some more shares at 89 or 90 break. Until then, I will sit on my small position and wait for clues from the market.
This is more of a growth story. Fund sponsorship is starting to grow in this name. Contrafund added another .01% and there is an additional 2 funds in this name.
7-12
7:09AM
Unable to really get a move out of the morning push. Took my calculated risk. This name probably isn't ready to move like it did last time we traded it. There are other better suited names for me to trade. With the price action RBLX had this morning, I would consider this name a laggard for now.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-07-08 10:00:00 | RBLX | 100 | $84.500 | 100 |
| 2021-07-12 09:38:44 | RBLX | 100 | $88.324 | 200 |
| 2021-07-12 09:45:30 | RBLX | 100 | $88.440 | 300 |
| 2021-07-12 10:08:47 | RBLX | -199 | $86.000 | 101 |
| 2021-07-12 10:08:47 | RBLX | -100 | $86.000 | 1 |
| 2021-07-12 10:08:47 | RBLX | -1 | $86.000 | 0 |
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