Torrid Holdings Inc (CURV)

[NoMoDo]

Interesting day today. Jumped to $7.80 for a few minutes and then got beat down hard from there. We saw a low of $5.39 before it made it's recovery. A rise of a buck twenty. A drop of two and a half bucks. Finally finishing up with a buck and a quarter rise to finish with a small gain for the day. This movement, I believe, was the results of shorts in panic mode followed by a forced increase in their short position instead of simply covering. Keep in mind that the stock is short 18% of it's float. That is pretty big.

I missed the open this morning so I didn't get to sell any high $7's, but after it broke below the 200ma, I sold. At low $5's, it was a no brainer to buy back. Below the bollinger bands with no reason for the dump. Stock finished at $6.65 - a 5 cent gain for the day. Overall a really good day, but admittedly not what I expected.