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
-Aug 10 2020: Filed IND for COVID-19 vaccine
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Bear Flag
-Other notes: All CV's did Bear Flag patterns today, this is after MRNA news of 100m dose contract for US
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 9.8 level
Confluence: N/a
Strike Zone: 9.8 - 9.6
Sizing (lots + emergency): 750
Risk (stop / Rs): Hold below 9.5
Review / Lessons Learned
Trade didn't work, too many reload sellers, the whole sector was weak all day. Took my stop when I saw weakness creep down from low 9.60's to low 9.50's, thought it would break down right there but it ended up bouncing back to 9.7 before continuing lower, trade still didn't work
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-12 09:41:06 | VXRT | buy | $9.840 | long |
| 2020-08-12 09:43:48 | VXRT | buy | $9.710 | long |
| 2020-08-12 09:43:48 | VXRT | buy | $9.710 | long |
| 2020-08-12 09:48:16 | VXRT | sell | $9.603 | long |
| 2020-08-12 09:48:16 | VXRT | sell | $9.600 | long |
| 2020-08-12 09:50:09 | VXRT | buy | $9.530 | long |
| 2020-08-12 09:50:09 | VXRT | buy | $9.525 | long |
| 2020-08-12 09:53:10 | VXRT | sell | $9.580 | long |
| 2020-08-12 09:54:26 | VXRT | sell | $9.513 | long |
| 2020-08-12 09:54:26 | VXRT | sell | $9.513 | long |
| 2020-08-12 09:54:26 | VXRT | sell | $9.510 | 0 |
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