Shared by
nugrahaa
PR: LULU issue quarterly guidance that company will cut forecast sales, lower earning estimates.
Base on premarket chart, Short entry is 52.0, bottom at 49.5.
Play 1:
Market open, price never move up to touch 52...
Short at 50.65, stop loss at 51.0
Target at 49.5 (pre-market bottom).
Cover at 50.0 when it seems to pull back.
Play 2:
Re-short at 49.75, stop loss at 50.35
Target at 49.5 (pre-market bottom).
Cover half at 49.5 - since price shot thru 49.5 to 49.43... maybe will keep going down?
It spike up to 49.89, Cover the rest at 49.5 after back down.
P/L +$90
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-13 09:47:15 | LULU | sell | $50.650 | short |
| 2014-01-13 09:56:02 | LULU | buy | $50.000 | 0 |
| 2014-01-13 10:03:09 | LULU | sell | $49.750 | short |
| 2014-01-13 10:05:50 | LULU | buy | $49.500 | short |
| 2014-01-13 10:08:50 | LULU | buy | $49.500 | 0 |
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