SRNE Trade on Aug 10, 2020 13:43 from beno: Tradervue User Stock Trades.

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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
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of
Confluence: Whole $
Strike Zone: 18 - 17.8
Sizing (lots + emergency): 1000
Risk (stop / Rs): 17.61

Review / Lessons Learned

Only got to 1/4 size but this was a really good setup, was waiting for the 18 break to add more as tape had gained volatility and move felt like backside.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-08-10 13:43:41	SRNE	buy	$18.120	long
2020-08-10 13:45:15	SRNE	sell	$18.230	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SRNE&trade=18428323&end=20200810141415&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SRNE&trade=18428323&end=20200810151515&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SRNE&trade=18428323&end=20200810160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SRNE&trade=18428323&end=20200909&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}