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Investorito
Feb 13, 2017 8:54 PM

Fundamental Play started by Technical Weakness Short

Description

2/13/2017 - Fundamental play on CSRA. CSRA has a high ShortFloat, a lot of Long Term Debt (see Finviz for more info), a negative EPS for this year and negative insider ownership transactions. From a technical standpoint, it just broke from the range it created since the elections and I am expected to return to the accepted price of $26.50. Stop at 31.50

Trade active

CSRA is working really good but taking a long time to reach the target. Patiently waiting to get there.

Trade active

OMG, this is pulling teeth. I still have the short open. I have been adding and my current Avg entry is 30.45.

Everytime it pushes lower I keep adding, need to start adding on pullbacks to improve my entry price. Target 1 remains 26.50 Target 2 is now 25.75

Trade active

Super excited to see this finally falling!

Trade closed manually

Closed at 28.50 for 2 dollar per share profit
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