Shared by
spyrosz
In a strong uptrend, but one of the super-expensive names:
-- reports loss, no P/E
-- forward P/E=346
-- P/S > 50
Trying to find reasons to initiate a "short" here and stay with it. The quick gap-down and continuation lower - Double Top - trapped almost a month of buying at higher prices $270+, uptrend held and bounced back, now coming into previous support= potential resistance=$270.
-- Got short filler size, risking wide stop ATHs=$298.5
-- No more adds here, as daily shows more upside if it wants, with 9/20SMA@daily at $277 & the daily gap-fill at $282. ER also around the corner...
-- But if it starts rejecting & looks like it is breaking lower and/or bad ER #s, lots of momo funds in here ---> this can move down quickly. On the radar.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-11-17 13:56:00 | CRWD | sell | $269.290 | short |
| 2021-11-22 10:51:30 | CRWD | buy | $244.428 | short |
| 2021-11-22 11:05:57 | CRWD | buy | $239.490 | short |
| 2021-11-23 09:31:50 | CRWD | buy | $228.480 | short |
| 2021-11-24 10:01:53 | CRWD | buy | $231.060 | 0 |
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