Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Muddy Waters Research reveals short position after reading report that LK is fraud
-Report can be found here - in depth 89 page report:
https://drive.google.com/file/d/1LKOYMpXVo1ssbWQx8j4G3-strg6mpQ7F/view
-LK denies all allegations of fraud
-April 02 2020: LK admits fraud and fabrication of sales
-April 06 2020: LK trading halts on T12
-May 20 2020: LK resumes trading
Technical Analysis
-SPY pattern: Runner
-Intraday pattern:
-Levels: Consolidation
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 5 level
Confluence: Whole $
Strike Zone: 5.05 - 4.95
Sizing (lots): 2
Risk (stop / Rs): Hold below 5
Review / Lessons Learned
Trade called out by one of my TAB's, took it with only 1 lot because of bag holders yesterday. Nice wallet padder
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-08 12:13:44 | LK | buy | $5.017 | long |
| 2020-06-08 12:13:44 | LK | buy | $5.020 | long |
| 2020-06-08 12:15:02 | LK | sell | $5.070 | long |
| 2020-06-08 12:15:38 | LK | sell | $5.130 | long |
| 2020-06-08 12:15:38 | LK | sell | $5.133 | long |
| 2020-06-08 12:15:38 | LK | sell | $5.133 | 0 |
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