Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-March 13 $96m ATM @ $4.76
-Technical / bouncing with market
-May 11 2020: Earnings - -1.73 loss vs -0.44 expected
-May 21 2020: NY post article: Scientists believe cannabis could help prevent and treat coronavirus
-May 22 2020: Buyer announces 500k share long position with $15 PT
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner
-Levels: 9.6, 10, 10.5
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 10.2 level
Confluence: Whole $
Strike Zone: 10.20 - 10
Sizing (lots): 3
Risk (stop / Rs): Hold below 10
Review / Lessons Learned
Missed ideal entry and tried to chase the fill on the way up, only got 100 shares, simply took it off to save mental capital and focus on other stocks. Basically missed the trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-08 13:25:05 | TLRY | buy | $10.230 | long |
| 2020-06-08 13:25:05 | TLRY | buy | $10.230 | long |
| 2020-06-08 13:26:54 | TLRY | sell | $10.360 | 0 |
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