Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Top "Stay-at-home" stock that is running
-Running because Zoom makes Teleconference / internet meeting software
-April 08 2020: Google banning Zoom software from work laptops due to security concerns
-April 14 2020: Zoom Clients Get New Call Controls To Choose Data Routing (to ease security concerns)
-April 24 2020: Facebook launches video conferencing , announces updates to FB and Instagram
-April 30 2020: Admits false claims about 300M users
-May 07 2020: Acquires KeyBase to boost security with end-to-end encryption
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Consolidation
-Other notes: Sellers in 267s and 268s all day
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test short of 266 level
Confluence: Whole $
Strike Zone: 265.5 - 266
Sizing (lots + emergency): 4 + 2
Risk (stop / Rs): Hold above 266
Review / Lessons Learned
Took with half size because I'm currently drawing down and trying to find my alignment with the market. Trade simply didn't work as Zoom was strong, stopped out after adding an emergency lot over 266 like my plan stated.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-08 14:12:59 | ZM | sell | $265.370 | short |
| 2020-07-08 14:13:01 | ZM | sell | $265.600 | short |
| 2020-07-08 14:13:01 | ZM | sell | $265.600 | short |
| 2020-07-08 14:13:01 | ZM | sell | $265.600 | short |
| 2020-07-08 14:13:01 | ZM | sell | $265.600 | short |
| 2020-07-08 14:20:47 | ZM | sell | $266.080 | short |
| 2020-07-08 14:20:47 | ZM | sell | $266.080 | short |
| 2020-07-08 14:21:59 | ZM | buy | $266.300 | short |
| 2020-07-08 14:21:59 | ZM | buy | $266.300 | 0 |
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