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: Bear Flag
-Intraday pattern: Bull Flag
-Levels: 2.8, 3, 3.2, 3.4
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 3
Confluence: Whole $
Strike Zone: 3 - 2.9
Sizing (lots): 2
Risk (stop / Rs): Hold below 2.9
Review / Lessons Learned
Went further than expected so used emergency lots, small wallet padder trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-24 09:51:48 | LK | buy | $3.020 | long |
| 2020-06-24 09:51:56 | LK | buy | $2.985 | long |
| 2020-06-24 09:52:20 | LK | buy | $2.920 | long |
| 2020-06-24 09:52:22 | LK | buy | $2.910 | long |
| 2020-06-24 09:54:21 | LK | sell | $2.990 | long |
| 2020-06-24 09:54:21 | LK | sell | $2.990 | long |
| 2020-06-24 09:54:29 | LK | sell | $3.000 | long |
| 2020-06-24 09:54:49 | LK | sell | $3.010 | long |
| 2020-06-24 09:54:49 | LK | sell | $3.010 | long |
| 2020-06-24 09:54:49 | LK | sell | $3.010 | long |
| 2020-06-24 09:54:49 | LK | sell | $3.010 | long |
| 2020-06-24 09:54:56 | LK | sell | $3.020 | long |
| 2020-06-24 09:54:56 | LK | sell | $3.020 | 0 |
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