Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-$10m ATM on Monday March 2 2020
-Coronavirus sympathy
-Emergent to manufacture Vaxart's experimental COVID-19 vaccine
-Jun 25 2020: Signs Memorandum of Understanding with Attwill Medical Solutions Sterilflow, LP
-Jun 26 2020: COVID-19 Vaccine Selected for the U.S. Government’s Operation Warp Speed
-Jul 13 2020: Closes $90m ATM
Technical Analysis
-SPY pattern: Mountain
-Intraday pattern: Runner
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Parabolic short of stop hunt above 13 / way to overextended to upside
Confluence: N/a
Strike Zone: 13 - 13.5
Sizing (lots + emergency): 1 + 1
Risk (stop / Rs): Hold above 13.5
Review / Lessons Learned
Don't usually take Parabolic shorts anymore as its not officially in my playbook, but this one was too good to pass up...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-13 13:54:11 | VXRT | sell | $13.130 | short |
| 2020-07-13 13:55:21 | VXRT | buy | $12.950 | 0 |
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