Shared by
metp2202
Tags:
Monkey pox name, very tough trader today, it showed a lot of relative strength vs SIGA and the other names in that sector. I thought that the late day fail follow through at 2.7 was a good signal to get short since the overall sector was pretty weak and GOVX failed to break the 2.8 range a couple of time. I got short into 2.58 and as soon as I saw that they were still soaking down in the low 2.4s I knew that this was a big red flag so I took it off for a peanut gain. Good read despite the small gain, I didn't want to get back in after that it was getting too late in the day and just too speculative IMO.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2022-05-23 15:32:59 | GOVX | -127 | $2.580 | -127 |
| 2022-05-23 15:32:59 | GOVX | -20 | $2.580 | -147 |
| 2022-05-23 15:32:59 | GOVX | -20 | $2.580 | -167 |
| 2022-05-23 15:32:59 | GOVX | -100 | $2.580 | -267 |
| 2022-05-23 15:32:59 | GOVX | -150 | $2.580 | -417 |
| 2022-05-23 15:32:59 | GOVX | -100 | $2.580 | -517 |
| 2022-05-23 15:32:59 | GOVX | -850 | $2.580 | -1367 |
| 2022-05-23 15:32:59 | GOVX | -600 | $2.580 | -1967 |
| 2022-05-23 15:32:59 | GOVX | -4000 | $2.571 | -5967 |
| 2022-05-23 15:33:00 | GOVX | -77 | $2.580 | -6044 |
| 2022-05-23 15:33:00 | GOVX | -1957 | $2.580 | -8001 |
| 2022-05-23 15:33:00 | GOVX | -926 | $2.580 | -8927 |
| 2022-05-23 15:33:00 | GOVX | -200 | $2.580 | -9127 |
| 2022-05-23 15:33:00 | GOVX | -2873 | $2.580 | -12000 |
| 2022-05-23 15:39:49 | GOVX | 12000 | $2.540 | 0 |
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