Shared by
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
-Sep 22 2020: Releases Positive Results of Phase 1B Trial of Resiniferatoxin (RTX) Epidural in Cancer Patients with Reported Intractable Pain
Technical Analysis
-SPY pattern: Afternoon Runner
-Intraday pattern: Afternoon Runner
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test short of 10.6
Confluence: N/a
Strike Zone: 10.6 - 10.7
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold above 10.7
Review / Lessons Learned
Scalp would had worked it I took profits in the high 10.4's but I was waiting for a fresh LL before getting out, stock wasn't done and it showed on tape, bids held on so I scratched it.
Missed the accumulation setup after the fact.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-22 14:59:37 | SRNE | sell | $10.590 | short |
| 2020-09-22 14:59:38 | SRNE | sell | $10.590 | short |
| 2020-09-22 15:02:16 | SRNE | buy | $10.580 | 0 |
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