PINS short idea

١ مايو ٢٠١٩

PINS hot IPO with first red day yesterday. SSR pop this morning likely shook out immature shorts. Previous days VWAP 32.40s, that's the measure or heaviness, most traders not feeling that yet. Thinking 28s possible, if they begin to feel pain. Using $33 as stop, thinking decent risk/reward here. Ideally under $32 may begin to worry FOMO chasers and offer chance to roll red on the day. Just sharing idea, as always patience and discipline see important.