$TX: 48.92M float/n.a./n.a.
90cts dividend + earnings miss a couple of days ago. Looking to short this. Highly illiquid, so I might skip it if spread is too wide.
YClose: 20.62$
Div: 0.90$
MPrice: 19.72$
Stop: 20.50$
R: 0.3
I scaled in small above magic price but stock kept rising. Added twice into the push and waited for the flush below YClose - Div, but it never really came. This made me quite uncomfortable, so I scratched the trade.
It traded back down to my target on very little trading, so I was ok with the exit, because the setup did not work out as it's supposed to do this time.
Execution detail:
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