PIK – PREMARKET SCALP – (75)
nonsense news article from yesterday but stock is leading gapper this morning... seeing a lot of irrational movements the past few days, decided to take a small trade on this.
"KIDPIK SHARES ARE TRADING HIGHER. POPULAR TWITTER ACCOUNT ZACK MORRIS TWEETED '$PIK BELONGS IN THE INDEX UNDER 1 MIL FLOAT 300K MAYBE."
Pik gapping up after hours and holding 7.50 in premarket, thought about getting in on this base level of strength but resisted; wanting to wait for a good stock to trade…. This was the leading gapper, could have put at least feeler size on at 7.50. If gets above 8.50 could be explosive.
@7:15 symbol moved strongly back to 8.20 premarket resistance, major resistance @ 8.50, waited for pullback and started scaling in for the break of 8.50, 150 shares
@7:16 stock flushed back to 7.50, lightened up position, will be all out below 7.50, float is too low to play games
@7:36 broke 7.50, flat for small loss
LAME LOW CONVICTION TRADE... NO REAL CATALYST
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-12 07:19:16 | PIK | buy | $7.940 | long |
2022-01-12 07:19:19 | PIK | buy | $7.970 | long |
2022-01-12 07:19:51 | PIK | buy | $8.040 | long |
2022-01-12 07:20:00 | PIK | buy | $8.080 | long |
2022-01-12 07:26:09 | PIK | sell | $7.560 | long |
2022-01-12 07:34:49 | PIK | sell | $7.510 | 0 |
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