-$875 Loss
INODLong Stock
timothysykes
timothysykesJun 03, 24 3:37 PM

Entry comments: Late day buy on this heavily shorted AI runner breaking out of a multi-week base on this solid contract win this morning https://tim.ly/3VqgXGF and it should retest the yearly high in the mid 15s sometime this week so that's my goal...nothing huge, but I like highly shorted AI runners with good news, it worked well for NVDA, SMCI, AXTI a few months back too

Exit comments: going nowhere fast so I had to cu, shoudla woulda coulda focused on MLGO which is squeezing so nicely right now, congrats to all longs there, I got stuck in subpar setups

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Position Updates

  • Jun 03, 24 3:37 PM: Bought 1500 at 14.70 - Late day buy on this heavily shorted AI runner breaking out of a multi-week base on this solid contract win this morning https://tim.ly/3VqgXGF and it should retest the yearly high in the mid 15s sometime this week so that's my goal...nothing huge, but I like highly shorted AI runners with good news, it worked well for NVDA, SMCI, AXTI a few months back too
  • Jun 03, 24 3:56 PM: Added 1500 at 14.46 - I doubled up into this low volume selloff into the close, still think it can get to the 15s later today or tomorrow
  • Jun 04, 24 9:37 AM: Added 2500 at 14.16 - I averaged down to give myself a chance here, this play is choppy as always, but I still think it can bounce given the multiweek breakout/big contract tomorrow, perks of taking small position at first
  • Jun 04, 24 9:50 AM: Sold 5500 at 14.23 - going nowhere fast so I had to cu, shoudla woulda coulda focused on MLGO which is squeezing so nicely right now, congrats to all longs there, I got stuck in subpar setups

Related Posts

DatePrice
Entry6/3/202414.3891
Exit6/4/202414.23
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  • Position Size5,500
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sgnethery
sgnetheryJun 03, 24 5:41 PM

Tim, looks like by doubling up you have lowered your avg per share which should increse your chances for break even or better, Money management? Did the drop from 14.87 catch you off guard? You normally take profits before that happens? Am I missing something? With the news and all it is a good risk to reward..

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