Shared by
mirko_BOWS
Gapper on the daily combined with a day long consolidation play intraday. Sold a bit too early because had to run out so left some profit on the table.
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Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-21 14:49:32 | SSTK | buy | $97.600 | long |
| 2014-02-21 15:14:48 | SSTK | sell | $98.330 | 0 |
Comments
bbman
Float is 7.6mm and Short interest ratio is 12+
a lot of people are going to be scrambling for shares if this goes any higher
mirko_BOWS
Thanks mate!
One question regarding short interest ratio if you don't mind:
Short interest ratio is basically the number of days to cover for all people being short at the moment right? That sounds like an extremely high number so if it goes any higher they will be covering and therefor pushing the price higher?
you got it man. about 2.4 mil shares of this baby are short. (remember only 7.6 mil float)
I'll be watching it for a potential R/G, or break of the consolidation from Friday. the idea is that investors will cover into lower prices and therefore create more demand. If this thing breaks out above 90, the momentum traders will further exacerbate the move.
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This is on my watchlist for Monday morning. Could go again if it breaks 99.
Nice trade, btw!