Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Human trials for COVID-19 vaccine to start in April
-February 7, 2020: $100m offering
Technical Analysis
-Strong morning with big pullback
-Continued to squeeze shorts all day
-Afternoon / EoD weakness
-Levels: 11, 12, 12.50, 13.50, 15, 16
Original Plan / Strategy
First test long of 14.50 level with half dollar confluence
Review
Stock went further than I thought so I used some emergency lots to bring my average down. Was patient and tried to scratch the trade the best I could when it bounced but I ended up taking a decent loss.
I used many fantasy orders because INO had a tendency today to sell off fast then recover without holding near the lows too long, so manual entries were harder IMO.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-06 13:30:40 | INO | buy | $14.610 | long |
| 2020-03-06 13:31:03 | INO | buy | $14.560 | long |
| 2020-03-06 13:31:10 | INO | buy | $14.510 | long |
| 2020-03-06 13:31:10 | INO | buy | $14.460 | long |
| 2020-03-06 13:31:11 | INO | buy | $14.320 | long |
| 2020-03-06 13:31:13 | INO | buy | $14.430 | long |
| 2020-03-06 13:31:44 | INO | buy | $14.050 | long |
| 2020-03-06 13:32:46 | INO | sell | $14.420 | long |
| 2020-03-06 13:32:51 | INO | sell | $14.450 | long |
| 2020-03-06 13:33:00 | INO | sell | $14.430 | long |
| 2020-03-06 13:33:05 | INO | sell | $14.330 | long |
| 2020-03-06 13:33:26 | INO | sell | $14.300 | long |
| 2020-03-06 13:33:37 | INO | sell | $14.200 | 0 |
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