Shared by
spyrosz
Potential candidate for "Picking Top" trade:
-- Fundamentals out of this world: LPS, Forward P/E > 1,000, P/S > 100
-- Technicalls: a) consolidation after huge rally & ER gap-up, b) some kind of volatility breaking the 9/20EMA@daily, c) bounce
-- would like to see d) lower high, and e) reversal and move lower
-- Got short filler size at the rally towards MAs confluence @ daily, risking ATHs=$222
-- expecting a lower high, roll-over and move lower
-- I would add Tier 0 if it starts holding below $210 for a few days, sellers step-down and make themselves present/obvious
-- Target $160 at a minimum, $130 would be great
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-11-26 09:58:56 | NET | sell | $204.740 | short |
| 2021-12-01 11:02:12 | NET | buy | $179.672 | short |
| 2021-12-01 13:20:59 | NET | buy | $169.039 | short |
| 2021-12-03 09:39:56 | NET | buy | $160.400 | short |
| 2021-12-03 11:56:34 | NET | buy | $151.550 | short |
| 2021-12-14 09:31:27 | NET | buy | $133.980 | 0 |
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