LEE Trade on Jan 29, 2020 11:27 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Lee Enterprises to Buy Berkshire Hathaway Newspaper Operations; Berkshire Hathaway to Finance All Debt
-New Activist holder declared at 2:26pm today: MNG Enterprises, Inc. holding 5.9% or 3.4m shares

Technical Analysis

-Gapped up 100%
-Huge OD hitting above $3 mark
-Fade all day
-Important levels: 2, 2.40, 3

Original Plan / Strategy

First Test Short of 2.25 by 2.30 zone

Review

Two lots got filled before it started to pullback, tested zone twice without a significant pullback to take profits, stopped out as I saw lots of buying on the tape.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-01-29 11:27:35	LEE	sell	$2.210	short
2020-01-29 11:27:49	LEE	sell	$2.230	short
2020-01-29 11:32:03	LEE	buy	$2.200	0

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