GNUS Trade on Jun 4, 2020 10:14 from beno: Tradervue User Stock Trades.

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: FT-15 long of 8 level
Confluence: Whole $, Prior Close, Gap Fill
Strike Zone: 8 - 7.50
Sizing (lots): 4
Risk (stop / Rs): Hold below 7.50

Review / Lessons Learned

This was a special scenario so I added as it was gapping down way lower, managed to minimize a big loss to only -$75, calling this a win. I had to the bullets to add down there but I couldn't bring myself to buy more (psychological issues). I should have added down there because I remember this pattern from APRN a few months back (that APRN trade was my biggest loss); APRN had retraced 50% of the move and GNUS was doing something similar. If ever I get caught in one of these again I will know to keep lots of bullets for the low (usually after 4th or 5th downside halt, according to data)

Lessons Learned: If caught in an APRN/GNUS downside halt fest, load up after the 4th/5th halt!