Shared by
MichaelBLe
Tags:
Ticker: CZOO
Summary: Recent PR about switching to a marketplace business. But needing to raise capital by the end of Q2 of 2024. Run up on no news and went wild after hours yesterday. Wanted to get involved on the gap up open. They have 1Q of cash left but needing to raise additional to implement the new business strategy. Started in 21. Later added on the fail through vwap. Accidentally put on 2x the size but just let the position play out. Lowered stop to 19.20 to compensate later on after the low of day break. Went red and covered when it wasn't holding.
Main Takeaway: The larger position put some pressure on me but told myself "focus on the chart. Not the money". Worked out this time.
STTP?: 1/1
Cost Basis: A
RPT: 1200
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2024-03-28 09:36:40 | CZOO | -99 | $16.940 | -99 |
| 2024-03-28 09:36:40 | CZOO | -1 | $16.930 | -100 |
| 2024-03-28 09:43:35 | CZOO | -25 | $17.750 | -125 |
| 2024-03-28 09:43:37 | CZOO | -25 | $17.270 | -150 |
| 2024-03-28 09:44:19 | CZOO | -25 | $17.120 | -175 |
| 2024-03-28 09:44:20 | CZOO | -25 | $17.090 | -200 |
| 2024-03-28 09:51:23 | CZOO | -250 | $17.590 | -450 |
| 2024-03-28 11:51:55 | CZOO | 450 | $12.655 | 0 |
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