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: Fade
-Intraday pattern: Ascending Triangle
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Mountain
Confluence: N/a
Strike Zone: 5.3 - 5.35
Sizing (lots + emergency): 1000
Risk (stop / Rs): 5.34 / B/e
Review / Lessons Learned
Took a starter then realized I couldn't add as much due to high short margin, so became anxious about the trade. Let it work out for the first down leg but it holding a HL so I got out half then pretty much scratch the rest because it had broken above the 2.25 seller that was there for awhile, in hindsight it was an add spot but I didn't like that HL.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-11 12:50:18 | VXRT | sell | $5.290 | short |
| 2020-09-11 12:50:18 | VXRT | sell | $5.290 | short |
| 2020-09-11 12:50:18 | VXRT | sell | $5.290 | short |
| 2020-09-11 12:59:40 | VXRT | buy | $5.210 | short |
| 2020-09-11 13:00:58 | VXRT | buy | $5.230 | short |
| 2020-09-11 13:02:52 | VXRT | buy | $5.270 | short |
| 2020-09-11 13:02:52 | VXRT | buy | $5.270 | short |
| 2020-09-11 13:02:52 | VXRT | buy | $5.267 | short |
| 2020-09-11 13:02:52 | VXRT | buy | $5.270 | short |
| 2020-09-11 13:02:52 | VXRT | buy | $5.267 | 0 |
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