Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Corona virus sympathy
-Health officials say virus vaccine development has 'no glitches'
-Feb 11 2020: $500m IPO @ $19 per share
-mRNA-1273 coronavirus vaccine sent for testing
-March 16 2020: First human trial of COVID-19 vaccine
-April 15 2020: PT increase to 41, Making new ATH's
-April 16 2020: Wins $483 Million US Government Award To Develop Coronavirus Vaccine
-May 01 2020: Moderna and Lonza Announce Worldwide Strategic Collaboration to Manufacture Modernas Vaccine (mRNA-1273)
-May 06 2020: Weak earnings / lags estimates, FDA approves phase 2 of COVID-19 vaccine
-Jun 03 2020: MRNA in top 5 pick for vaccine candidate
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Bear Flag
-Levels: 59, 62, 64.5, 67
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 66 level
Confluence: Whole $, Gap Fill
Strike Zone: 66 - 65.5
Sizing (lots): 2 (1 + 1 emergency)
Risk (stop / Rs): Hold below 65.5
Review / Lessons Learned
Stock was not bouncing the way it should, every bounce was getting sold, took some small lots of profit as I noticed the weakness then simply took it all off because it was taking too long. (Time stop - 5 minutes ish)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-25 09:30:51 | MRNA | buy | $65.850 | long |
| 2020-06-25 09:30:51 | MRNA | buy | $65.850 | long |
| 2020-06-25 09:30:52 | MRNA | buy | $65.850 | long |
| 2020-06-25 09:30:52 | MRNA | buy | $65.850 | long |
| 2020-06-25 09:31:59 | MRNA | sell | $66.240 | long |
| 2020-06-25 09:35:42 | MRNA | sell | $66.350 | long |
| 2020-06-25 09:36:06 | MRNA | sell | $66.160 | 0 |
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