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
-Sep 14 2020: announces FDA clearance of IND application for oral COVID-19 vaccine
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bull Flag
-Other notes: Large float and hard to read direction
Strategy / Confluence / Sizing Guide / Risk
Strategy: Mountain
Confluence: 1min-JL
Strike Zone: N/a
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold above 8
Review / Lessons Learned
Only got partial fill on my first entry then price came back up so I slammed my remaining order. Got shaken out of my position after stock completed an inverse head & shoulders pattern on 1m chart. Attempt trade again after the next LL but bidders held it up on the way down so I cut it again. Stock ended up going sideways in this range for the rest of the day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-14 12:34:03 | VXRT | sell | $7.910 | short |
| 2020-09-14 12:38:13 | VXRT | sell | $7.760 | short |
| 2020-09-14 12:38:14 | VXRT | sell | $7.750 | short |
| 2020-09-14 12:44:12 | VXRT | buy | $7.930 | 0 |
| 2020-09-14 13:05:27 | VXRT | sell | $7.650 | short |
| 2020-09-14 13:05:27 | VXRT | sell | $7.650 | short |
| 2020-09-14 13:05:27 | VXRT | sell | $7.650 | short |
| 2020-09-14 13:08:58 | VXRT | buy | $7.610 | short |
| 2020-09-14 13:08:58 | VXRT | buy | $7.607 | 0 |
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