263.12M float/1.10% short float/83.00% institutionals
playbook: FedEx to take over TNT. US company about to get fleeced in Europe again. UPS got sacked when they tried it, now it's their turn. The news basically are a catalyst for a swing short for me, but the technical setup is really interesting.
Stop: 172
R: 2.5
No real action in this stock, it just faded right after the opening drive up. 171.67$ was a big level since it bounced off of it a couple of times, but made lower highs. so I anticipated the break. I added into it and covered a little into the flushes, but had to close my position because it made a higher high and refused to crash.
Execution detail:
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Thanks for your sharing.. I am new at trading and I actually tried it to the long side thinking the news were good and judging the percentage of the gap.