Remains super-expensive in an environment that doesn't favor those stocks and their multiples.
I thought the AH ER pop to channel upper boundary=$197-200, where it had been rejected twice in the recent past, was a market gift.
-- Got short Tier 0, risking a bit wide stop initially $215
-- Wanted to add more and/or tighten stop below $210s once it proves that ER momentum is not enough to break higher, and seller takes back control of price
-- Expecting strong rejection at $197-200 resistance and move lower to fill the daily gap at $171, then lower $155s
-- 1st target $171, main target $155, ideally would like to see it sub $120s
03-17-2022
Flat per plan. It sohould be going the other way around.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-03-10 10:32:02 | CRWD | sell | $195.990 | short |
2022-03-17 13:45:00 | CRWD | buy | $204.100 | 0 |
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