Shared by
beno
Fundamentals
-May 08 2020: $2.8M ATM offering
-May 13 2020: $5.4M offering
-May 28 2020: Offering of $30M, 20M shares $1.5
Catalysts / News / Painting the picture
-May 07 2020: To Launch Kartoon Channel Digital Network Across multiple platforms
-Jun 03 2020: Channel goes live June 15th
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner
-Levels: 4, 4.75, 5.5, 5.9 - 6, 6.7, 7.37, 8
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 7.37 level - triple top
Confluence: N/a
Strike Zone: 7.37 - 7.15
Sizing (lots): 2
Risk (stop / Rs): Hold below 7
Review / Lessons Learned
Both fantasy orders got filled then I had to add emergency lot near 7.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-03 14:13:29 | GNUS | buy | $7.380 | long |
| 2020-06-03 14:13:30 | GNUS | buy | $7.310 | long |
| 2020-06-03 14:13:30 | GNUS | buy | $7.310 | long |
| 2020-06-03 14:13:47 | GNUS | buy | $7.080 | long |
| 2020-06-03 14:13:47 | GNUS | buy | $7.090 | long |
| 2020-06-03 14:13:47 | GNUS | buy | $7.090 | long |
| 2020-06-03 14:13:47 | GNUS | buy | $7.100 | long |
| 2020-06-03 14:14:04 | GNUS | sell | $7.290 | long |
| 2020-06-03 14:14:18 | GNUS | sell | $7.300 | long |
| 2020-06-03 14:14:18 | GNUS | sell | $7.300 | long |
| 2020-06-03 14:14:18 | GNUS | sell | $7.300 | long |
| 2020-06-03 14:14:31 | GNUS | sell | $7.380 | 0 |
Comments
eskimobob
Also, I'm beginning to wonder where I should start aiming for shorts, because I'm struggling with the longs. Maybe if I just short when I think it's going to go up, I'll be successfull /jks
JDtheEntity
lol
beno
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