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
-Jun 04 2020: Citron short report / New S-3 filed with $2 price
Technical Analysis
-SPY pattern: Parabolic Fade
-Intraday pattern: Rug Pull
-Levels: 4, 6, 7, 8, 9, 11.50
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 10.50 level
Confluence: Half $
Strike Zone: 10.50 - 10
Sizing (lots): 2
Risk (stop / Rs): Hold below 10
Review / Lessons Learned
Was stuck in downside halt on this one, put order on the bids when it was near 10.50 and the tape went so fast that I got filled at 10.09. Would have added another lot near VWAP but took profits on the pop when I could.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-04 09:47:10 | GNUS | buy | $10.090 | long |
| 2020-06-04 09:52:36 | GNUS | sell | $10.500 | long |
| 2020-06-04 09:52:36 | GNUS | sell | $10.500 | long |
| 2020-06-04 09:52:36 | GNUS | sell | $10.500 | 0 |
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