My biggest % gainer of the year was also my biggest miss of the year.
my play on $FRAN was almost too good and easy to be true.
too many catalysts who just clicks together for one obvious trade:
1. low expectation for the revenues who got out at 09/10 b/m
thats made a good posibility for the element of surprise, for a well developed company who raises every year.
2. more then 48% short positions, a great short squeeze is up ahead!
3. alot of insider trades of buy from CROSS RIVER CAPITAL MANAGEMENT wich own 10% of the company, 3 month before the revenues, massive buy.
4. low shares float, another great catalyst for my short squeeze.
so i have bought at the price of 5.11 and sold at 10.20
but as it was my biggest % gainer it were my biggest miss.
2 reasons it was a miss and ill explain:
1. i usualy buy more shrs when i am so sure of my self but insted i bought only 1k
2. all the reason and the strategic of the play were SHORT SQUEEZE , and when i saw the 99% gain i just took it as fast as i can instead of giving the play his space to work out as a classic short squeeze, what made me miss 200% more on that trade.
thank you for reading, hope you enjoyed it, you can see the picture on the trade page.
thanks for sharing. good trade man!
@JRomero tnx for the support :)
Good job
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