96.88M float/25.55% short float/56.90%
Some good news over the weekend (car deliveries up 55%), new product in the pipeline, and the stock shows some reaction premarket. It pulled in a tad below 200$ and this mark is going to be an important level intraday. Latest short stops are above 205$ so I expect a pop if it trade through this number. Looking for a low risk intraday level to buy it.
Stop: 199.00$ 1st tier/199.50 2nd tier
R: 1.5
Idea was decent and finally a trade off of the watchlist again. But I totally minimized my gains on this one, because my entry was suboptimal and I got squeezed on the first add. So I ran out of shares midway and just could not hold the entire badge.
Execution detail:
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