CSPR – PREMARKET FEELER - CORE BUILDER WITH BREAKOUT POTENTIAL – (10.20)
• Casper Sleep Inc. (NYSE:CSPR) rose 12.9% to $6.47 in pre-market trading after the company announced stockholder approval of a merger agreement.
• NEWS CAME IN AFTER HOURS LAST NIGHT; NOT A GREAT HEADLINE, BUT A POSITIVE HEADLINE AMONGST A SEA OF RED
• IF THERE IS A TRADE ON THIS IT WILL BE FROM 6.80 POSSIBLY UP TO 8 BUT THIS IS A LOW CONVICTION TRADE
• TRYING TO BUILD A CORE IN PREMARKET FROM 6.50 UP TO 6.80, TAKE SOME PROFIT WHEN 6.80 BREAKS, AND THEN RE-ADD TO FULL SIZE WHEN 6.80 HOLDS FOR A MOVE UP TOWARDS 7.65 or UNTIL R2S
@7:25 PUT A FEELER ON OF 100 SHARES AFTER MADE NEW HIGH ON SOME VOLUME BREAKING AFTER HOURS GAP. ENTERED ON BREAK OF VWAP TO THE UPSIDE.
@7.40 CSPR is respecting vwap, holding 6.50, but no volume really coming in
@8:06 VWAP is broken, and volume has completely dried up, cutting this tiny loser, no surprises here
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-20 07:25:20 | CSPR | buy | $6.530 | long |
2022-01-20 07:25:20 | CSPR | buy | $6.550 | long |
2022-01-20 08:06:59 | CSPR | sell | $6.440 | 0 |
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