MRIN – Premarket feeler, trying to build core for the opening drive – (21.02)
Stock gapped up to 5 after hours and held 4.25 after news hit in afterhours
yesterday news released after hours. positive software integration news with AMZN, MRIN is a digital marketing company and has a history of going parabolic.
unlikely to go parabolic today on this news given the extreme market weakness, however may provide some momentum up to 6 dollars.
If Spy gets below 465 today I may not take any longs. Could end up just scalping SQQQ.
Chart has been grinding down since September, but short interest is only 7%, could be a little choppy, but may offer a good trade if can reclaim 5. Could go to 8.
Resistance @ 5, 6, 7.50
Has gone parabolic in the past
@7ET scaled into 150 shares FEELER as some volume started coming in, this is probably mostly retail volume
@7:05 testing vwap @ 4.50
I do not want to get big in this until it is over 5
Holding 150 shares with price average of 4.37 stop @ 4.15
@ 7:15 volume is very light
@7:41 thinking of just cutting, it is not reclaiming as fast as I like, and I am trying to hold for shorter amounts of time
@7:41 cut for tiny loss
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-07 07:00:00 | MRIN | buy | $4.300 | long |
2022-01-07 07:00:59 | MRIN | buy | $4.410 | long |
2022-01-07 07:01:57 | MRIN | buy | $4.400 | long |
2022-01-07 07:01:57 | MRIN | buy | $4.400 | long |
2022-01-07 07:41:53 | MRIN | sell | $4.230 | 0 |
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