This stock was up again on PR that CEO would be on TV at 2pm est. Leading up the interview was postponed which became like a sell the news situation. I go short and road a small pullback. It kept holding in the 2.50s too well so I covered for a decent gainfor something that didnt play out entirely as planned.
After huge panic was over, this bounce was now getting overdone. I started shorting into pops. I did try to downsize at times when the bounce looked to be headed higher but I also kept big picture short for once bounce offically topped out. Covered into dips on the backside and was all out in 2.20s.
Had a small short overnight and was ready to add if this was weak. It was so I started sizing in. Itwent red for the first time but immediately held and started coming back. It spiked all the way back so I had to cut it for a disappointing loss. This is the trade where I had 2500 from overnight which is why you see 8999 bought but only 6389 sold.
With such massive resistance at $3 out the open I started getting short for this to fail and go red. It pulled but held g/r very strongly and realized this wasnt dying and coming back. I covered before getting squeezed. Reshorted 2500 overnight at 2.85 on a separate short which is why you see 22500 sold but 20000 bought.