Entry 1: $9.50
Entry 2: $8.94
Entry 3. $7.51
There's a lot to talk about here. First, I let my expectations override the price action. When this trade started to fade I should have gotten completely out. Waiting for a bounce on a losing position is a recipe for disaster. Second, I'm guessing that there was a lot of shorts exiting their positions well before earnings. We had a great V shaped recovery that would force a lot of short covering. Since short ratio's lag, I think its a fair bet that the ratio was not nearly as high as reported. That being said, I think bulls flooded into this trade with expectations of a squeeze and when it never materialized we got destroyed.
From my own trade, I was horrible here. I was traveling so I gave it more time than I should have, I then added as it went against me. I deserved this loss.