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
-March 13 2020: US declares COVID-19 national emergency
-March 26 2020: Positive Interim Phase 2 VGX-3100 Results In Patients with HPV-associated Anal Dysplasia
-April 06 2020: Initiates Phase 1 Clinical Trial Of Its COVID-19 Vaccine and Plans First Dose Today
Technical Analysis
-Intraday pattern: Runner, Big Pullback
-Levels: 10.30, 11, 11.30, 11.80
Original Plan / Strategy
First test short of 11.30 death line after violent sell off
Review
Got to appropriate size for the setup, there was a quick sell off after I got in with two lots but it got bought up so fast that I didn't have time to cover a piece. Buyers stepped up to 11.10 and supported there, took the loss as it wasn't working.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-04-22 12:15:45 | INO | sell | $11.200 | short |
| 2020-04-22 12:16:45 | INO | sell | $11.220 | short |
| 2020-04-22 12:16:45 | INO | sell | $11.221 | short |
| 2020-04-22 12:22:10 | INO | sell | $11.290 | short |
| 2020-04-22 12:28:13 | INO | buy | $11.270 | short |
| 2020-04-22 12:28:13 | INO | buy | $11.270 | 0 |
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