Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-COVID Antibody STI-1499 Showed Ability To Completely Inhibit In Vitro Virus Infection In Preclinical Studies
-Jul 26 2020: Sorrento To Buy SmartPharm For Potential Covid-19 Treatment
-Jul 29 2020: Licenses 30-Minute Spit Test for Covid-19
-Aug 04 2020: on news near EOD / talking about new COVID antibody test
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Runner, Big Pullback
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test short of 11.5 level
Confluence: Half $
Strike Zone: 11.4 - 11.6
Sizing (lots + emergency): 750
Risk (stop / Rs): 12.01 or hold strong above 11.5
Review / Lessons Learned
Got two lots in but bids were holding it up so I had to cover it. Only trade today and only a small win.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-04 14:44:01 | SRNE | sell | $11.360 | short |
| 2020-08-04 14:44:01 | SRNE | sell | $11.360 | short |
| 2020-08-04 14:47:07 | SRNE | sell | $11.530 | short |
| 2020-08-04 14:47:09 | SRNE | sell | $11.530 | short |
| 2020-08-04 14:50:49 | SRNE | buy | $11.390 | short |
| 2020-08-04 14:50:49 | SRNE | buy | $11.390 | short |
| 2020-08-04 14:50:49 | SRNE | buy | $11.400 | short |
| 2020-08-04 14:51:33 | SRNE | buy | $11.367 | short |
| 2020-08-04 14:51:33 | SRNE | buy | $11.370 | short |
| 2020-08-04 14:51:33 | SRNE | buy | $11.370 | 0 |
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