Shared by
dpaleo
Tags:
Edge finally presented itself with climax move. Like getting involved on left side for tiny size. But after 2nd entry on possible 1min reversal put stop in for that add at new high. A must in these types where halt up very possible. If stop that 200 add then coulda been more aggressive on right side. Then holy shit whatta reversal. Covers seemed pretty decent but dont feel like it when seeing it went all the way to $10. Def coulda re-entered on the vwap or $20 break. Damn. Breaking even overall in this name feels like a big L.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-09-15 11:50:49 | INDP | -200 | $25.470 | -200 |
| 2021-09-15 11:53:56 | INDP | -200 | $26.020 | -400 |
| 2021-09-15 11:56:31 | INDP | -100 | $25.865 | -500 |
| 2021-09-15 11:56:31 | INDP | -4 | $25.660 | -504 |
| 2021-09-15 11:56:31 | INDP | -100 | $25.650 | -604 |
| 2021-09-15 11:56:31 | INDP | -1 | $25.630 | -605 |
| 2021-09-15 11:56:31 | INDP | -195 | $25.620 | -800 |
| 2021-09-15 12:09:14 | INDP | 100 | $24.210 | -700 |
| 2021-09-15 12:15:54 | INDP | 100 | $23.570 | -600 |
| 2021-09-15 12:15:54 | INDP | 100 | $23.320 | -500 |
| 2021-09-15 12:17:13 | INDP | 100 | $23.080 | -400 |
| 2021-09-15 12:17:21 | INDP | 100 | $22.840 | -300 |
| 2021-09-15 12:20:25 | INDP | 100 | $22.370 | -200 |
| 2021-09-15 12:31:15 | INDP | 100 | $21.630 | -100 |
| 2021-09-15 12:54:17 | INDP | 80 | $20.490 | -20 |
| 2021-09-15 12:54:17 | INDP | 20 | $20.500 | 0 |
Comments
dpaleo
Wasnt paint taping bc the volume there. Was def a manufactured move with someone controlling the entire float and gathering shorts along the way and once they walked it was free to go back to where it came from. These types are so tough to trade...
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Yeah, the complete unwind with no pop seemed weird. Do you think the move up was fabricated (tape painting), since there weren't a lot of shares available to short, so a lot of the volume could not have come from shorts getting squeezed? Or the float rotation alone (169 million shares volume traded, on just 5.4 million float) could have created that move?