Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-US to provide $50B of stimulus to air line industry in order to avoid bankruptcies
-May 02 2020: Warren Buffet sold all air line stocks in portfolio
-Jun 04 2020: Leadership change, dozen officers leaving, reopening flights next month
-Jun 05 2020: Citron short biased tweets
-Aug 05 2020: Senator support for new $25B payroll assistance to Air Lines
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Consolidation
-Other notes: Huge volume came in at 2pm and held the stock over POC
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 13 level
Confluence: Whole $, PM Level
Strike Zone: 13.05 - 12.95
Sizing (lots + emergency): 3000
Risk (stop / Rs): 12.83
Review / Lessons Learned
This one dipped a little further than anticipated, got to 2/3 size, recycled some shares but then took remainder off for a scratch as tape was heavy, good scratch
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-06 10:39:44 | AAL | buy | $13.060 | long |
| 2020-08-06 10:39:44 | AAL | buy | $13.060 | long |
| 2020-08-06 10:40:09 | AAL | buy | $13.015 | long |
| 2020-08-06 10:40:09 | AAL | buy | $13.015 | long |
| 2020-08-06 10:40:15 | AAL | buy | $12.990 | long |
| 2020-08-06 10:40:16 | AAL | buy | $12.990 | long |
| 2020-08-06 10:40:16 | AAL | buy | $12.990 | long |
| 2020-08-06 10:40:16 | AAL | buy | $12.990 | long |
| 2020-08-06 10:40:16 | AAL | buy | $12.990 | long |
| 2020-08-06 10:42:20 | AAL | sell | $13.090 | long |
| 2020-08-06 10:42:46 | AAL | sell | $13.055 | long |
| 2020-08-06 10:45:50 | AAL | sell | $12.985 | long |
| 2020-08-06 10:45:50 | AAL | sell | $12.985 | long |
| 2020-08-06 10:46:03 | AAL | sell | $13.010 | long |
| 2020-08-06 10:46:03 | AAL | sell | $13.010 | 0 |
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