TSRI Trade on Jan 11, 2022 08:10 from BanalityOfEvil: Tradervue User Stock Trades.

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BanalityOfEvil

 

TSRI – PREMARKET SCALP WITH ULTRA SHORT-PREMARKET MOMO POTENTIAL – 110.26

TSRI shares are trading higher after the company reported Q2 revenue of $23.9 million, versus $16.1 million year over year. – news after hours yesterday from BZ

Watching this since last night after hours on revenue news, but pulled back heavily in early premarket so I took it off my premarket watchlist when I sat down this morning @ 6am

TSRI – REVENUE BEAT – 1 MIL SHARE FLOAT - DAILY CHART IS TOPPY OVER $11, IF THIS POPS, IT WILL CERTAINLY FAIL QUICKLY. MAX TARGET IS 14

@ 8am this news was recycled, and it must have pulled some interest from participants, some volume started to pour in and the 12 dollar level was quickly reclaimed after horrendous premarket action that saw the price drift down to 10.

@8:10 got in for the break of 12 with a feeler, did not really trust the stock based on the daily chart, and did not feel the need to put on any size over T1. Never made it to T1, volume did not justify adding more.

This name has failed on the open 75% of the time when it has gapped up premarket over the past 2 yrs… I knew this would sell off quickly, and since the float was only 1 million shares I knew this could flush against me in a big way… not really a name to be getting big in premarket.

@8:12 sold 50%, with intention to re-add on pullback to 12.
@8:13 stock pulled back to below 12 (too far) and I did not care to add
@8:15 had jumped back up to 13, so I sold another ½

Held onto tiny size only 50 shares just in case we had an explosive pop up to 14 or more. No intention of holding this position into the open.

@9am-9:29 stock had pulled back again to 11.50, then lighter volume came in and pushed it up to 14.

@9:29 I knew it was time to take my tiny profit off the table because previous price action on the daily told me this thing would fail hard on the open and I was already close to my max target prediction for the day.

@9:29 all out

@9:30 TSRI popped to 14.50, putting in a full point topping tail in less than a second… may not have even been able to get an exit fill here. Good thing I was all out before open.

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Execution detail:

Date/time Symbol Side Price Position
2022-01-11 08:10:55 TSRI buy $12.000 long
2022-01-11 08:10:55 TSRI buy $12.000 long
2022-01-11 08:10:55 TSRI buy $12.000 long
2022-01-11 08:10:55 TSRI buy $12.000 long
2022-01-11 08:10:55 TSRI buy $12.000 long
2022-01-11 08:13:15 TSRI sell $12.290 long
2022-01-11 08:13:44 TSRI buy $12.200 long
2022-01-11 08:32:03 TSRI sell $12.490 long
2022-01-11 09:29:29 TSRI sell $13.380 long
2022-01-11 09:29:29 TSRI sell $13.380 0


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