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
-March 9, 2020: $50m ATM offering
-March 11 2020: WHO declares COVID-19 a pandemic
Technical Analysis
-Bag holder stock but received strong catalyst today
-All day runner with big pullbacks
-Levels: 7, 7.70, 8.50
Original Plan / Strategy
First test short of 7.80 level
Review
Did the right thing by sizing up but I still didn't space out my exits enough and I could have added again in the 7.80's! I started covering early because the stock was spending too much time grinding away at sellers in the 60's and 70's.
Lessons Learned:
1. Space out exits more, perhaps wait for reversal signs?
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-11 11:11:46 | INO | sell | $7.700 | short |
| 2020-03-11 11:11:51 | INO | sell | $7.710 | short |
| 2020-03-11 11:12:48 | INO | sell | $7.780 | short |
| 2020-03-11 11:12:56 | INO | sell | $7.740 | short |
| 2020-03-11 11:12:59 | INO | sell | $7.780 | short |
| 2020-03-11 11:15:45 | INO | buy | $7.710 | short |
| 2020-03-11 11:15:53 | INO | buy | $7.610 | short |
| 2020-03-11 11:16:25 | INO | buy | $7.630 | short |
| 2020-03-11 11:16:40 | INO | buy | $7.570 | short |
| 2020-03-11 11:17:06 | INO | buy | $7.550 | short |
| 2020-03-11 11:17:56 | INO | buy | $7.540 | 0 |
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