Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Top "Stay-at-home" stock that is running
-Running because Zoom makes Teleconference / internet meeting software
-April 08 2020: Google banning Zoom software from work laptops due to security concerns
-April 14 2020: Zoom Clients Get New Call Controls To Choose Data Routing (to ease security concerns)
-April 24 2020: Facebook launches video conferencing , announces updates to FB and Instagram
-April 30 2020: Admits false claims about 300M users
-May 07 2020: Acquires KeyBase to boost security with end-to-end encryption
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bull Flag
-Levels: 157, 158, 160.5, 162
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 158
Confluence: Whole $, VWAP
Sizing (lots): 3
Risk (stop / Rs): Hold below 158
Review / Lessons Learned
OGT but sold too quickly as SPY Looked like it was going to have continued downside, obviously wrong in hindsight, should have held my last two lots for longer.
Lessons Learned: Practice holding more of your size for longer!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-07 10:10:24 | ZM | buy | $158.480 | long |
| 2020-05-07 10:10:25 | ZM | buy | $158.480 | long |
| 2020-05-07 10:10:28 | ZM | buy | $158.670 | long |
| 2020-05-07 10:10:41 | ZM | sell | $159.290 | long |
| 2020-05-07 10:12:24 | ZM | sell | $159.234 | long |
| 2020-05-07 10:12:50 | ZM | sell | $158.940 | 0 |
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