Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-IPO last September
-Went public as the IPO market was bearish
-Jan 6th 2019: SDC partnering with Walmart on exclusive Oral Care product deal (analysts raised PT)
Technical Analysis
-Supported at $7.70 - $8 on daily chart
-Supporting above $8 before Walmart news
-Made new swing high on Walmart deal news
-Backside in today but supporting at 9.75
-Lots of longs screwed from yesterdays after hours move
Original Plan / Strategy
First Test Short of 10.30
Review
OGT - held one lot for longer after covering my risk 10 cents in. Split my lot into 2 half lots and took half off on the dump candle then stopped out of my last lot:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-09 09:44:55 | SDC | sell | $10.290 | short |
| 2020-01-09 09:46:02 | SDC | sell | $10.310 | short |
| 2020-01-09 09:46:33 | SDC | sell | $10.330 | short |
| 2020-01-09 09:46:40 | SDC | sell | $10.350 | short |
| 2020-01-09 09:47:10 | SDC | buy | $10.230 | short |
| 2020-01-09 09:48:10 | SDC | buy | $10.210 | short |
| 2020-01-09 09:48:14 | SDC | buy | $10.190 | short |
| 2020-01-09 09:53:56 | SDC | buy | $10.060 | short |
| 2020-01-09 10:09:00 | SDC | buy | $10.270 | 0 |
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