Shared by
beno
Fundamentals
No shelves / no dilution, High IO and higher than usual float
Catalysts / News / Painting the picture
-Aug 07 2020: Earnings: Rev up 25% Y/Y, Signings up 90% Y/Y
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: N/a
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 500
Risk (stop / Rs): 3.84
Review / Lessons Learned
This wasn't a Playbook setup, price started to go sideways after the selloff so I thought I could catch the dead cat bounce, used very tight stop but weakness lingered in the stock for awhile longer...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-07 11:00:44 | CNDT | buy | $3.870 | long |
| 2020-08-07 11:00:44 | CNDT | buy | $3.870 | long |
| 2020-08-07 11:01:00 | CNDT | sell | $3.830 | 0 |
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