Shared by
7carpileups
Plan: FOSL looked over bought. Very good earnings report but (per articles) this info was already in their 8k filing on Nov 1. Traders where looking for a short squeeze but I believed it either already happened or wouldn't be strong enough to break $19.50-20 Plan was to short the opening high down to $16 support level.
Execution: Shorted to soon. Should have waited for premarket resistance level at $19.50-20 area. Stuck with trade and added as it went up (should have shorted more over $19.80. Finally broke down and after bouncing off $20. Started covering at $18.09 with final cover when it broke $17 on weakening momentum and final push down.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-11-11 09:32:29 | FOSL | sell | $19.020 | short |
| 2021-11-11 09:32:48 | FOSL | sell | $18.990 | short |
| 2021-11-11 09:34:05 | FOSL | sell | $19.260 | short |
| 2021-11-11 09:36:00 | FOSL | sell | $19.470 | short |
| 2021-11-11 09:36:37 | FOSL | sell | $19.470 | short |
| 2021-11-11 09:36:37 | FOSL | sell | $19.470 | short |
| 2021-11-11 09:46:46 | FOSL | sell | $19.680 | short |
| 2021-11-11 09:46:46 | FOSL | sell | $19.680 | short |
| 2021-11-11 10:12:50 | FOSL | buy | $18.090 | short |
| 2021-11-11 10:12:50 | FOSL | buy | $18.090 | short |
| 2021-11-11 10:22:13 | FOSL | buy | $18.000 | short |
| 2021-11-11 11:20:24 | FOSL | buy | $17.660 | short |
| 2021-11-11 11:20:26 | FOSL | buy | $17.660 | short |
| 2021-11-11 12:07:27 | FOSL | buy | $17.350 | short |
| 2021-11-11 12:23:38 | FOSL | buy | $17.340 | short |
| 2021-11-11 12:33:25 | FOSL | buy | $17.270 | short |
| 2021-11-11 12:35:14 | FOSL | buy | $17.200 | short |
| 2021-11-11 12:35:14 | FOSL | buy | $17.200 | short |
| 2021-11-11 12:35:24 | FOSL | buy | $17.180 | short |
| 2021-11-11 12:37:06 | FOSL | buy | $17.200 | short |
| 2021-11-11 12:42:29 | FOSL | buy | $17.050 | short |
| 2021-11-11 12:43:50 | FOSL | buy | $16.950 | 0 |
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