Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jan 2020: Tesla sympathy play
-Jan 2020: Rumors about a $1 billion cash infusion from GAC Group
-Jan 2020: Lots of funding news lately
-Jun 03 2020: Upgraded to buy at GS
-Jul 08 2020: sympathy movement from TSLA / EV sector
-Aug 11 2020: Earnings: Revs up 146% Y/Q and up 171% Q/Q, Deliveries up 322% Y/Y
-Aug 27 2020: $75 share offering at $17 per share
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Bowl
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test short of 19.05 level
Confluence: Whole $
Strike Zone: 18.9 - 19.05
Sizing (lots + emergency): 500
Risk (stop / Rs): 19.06
Review / Lessons Learned
Bidders wouldn't leave so had to scratch it, right call
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-02 11:47:42 | NIO | sell | $18.985 | short |
| 2020-09-02 11:53:53 | NIO | buy | $18.960 | short |
| 2020-09-02 11:53:53 | NIO | buy | $18.959 | short |
| 2020-09-02 11:53:53 | NIO | buy | $18.960 | short |
| 2020-09-02 11:54:20 | NIO | buy | $18.968 | 0 |
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