CLSK Trade on Sep 22, 2020 09:46 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

-Had $6.7m cash EoY 2019
-Burn roughly 300k cash per month
-$5m left of cash ish

Catalysts / News / Painting the picture

-Earnings: Already up 24% Y/Y and year isn't done yes
-May 05 2020: expects to become profitable by EoY
-May 19 2020: Patent grant news
-Jul 29 2020: Announces Contract for Another Southern California Microgrid / $300k and ongoing software subscription revenue
-Aug 07 2020: Announce Exclusive Costa Rica Partnership
-Aug 19 2020: CleanSpark, Inc. and International Land Alliance Announce Microgrid Development Agreement
-Sep 22 2020: Commissions Software on New Microgrid Featuring Tesla Batteries

Technical Analysis

-SPY pattern: Afternoon Runner
-Intraday pattern: Bear Flag
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of 13.7 level
Confluence: N/a
Strike Zone: 13.7 - 13.5
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below 13.5

Review / Lessons Learned

Stock couldn't hold price at 13.5 level so when it broke I was looking to take the loss, luckily I got a pop to ease the loss a bit. Stock bounced a little further than I thought because it had just triggered SSR but it continued its down trend after so it was a good cut. Could have added again at 13.3 to scratch the trade but the 13.5 break was clean so it had possibility to go lower straight away...

image


Execution detail:

Date/time Symbol Side Price Position
2020-09-22 09:46:49 CLSK buy $13.750 long
2020-09-22 09:46:50 CLSK buy $13.750 long
2020-09-22 09:47:03 CLSK buy $13.780 long
2020-09-22 09:47:03 CLSK buy $13.780 long
2020-09-22 09:49:30 CLSK buy $13.570 long
2020-09-22 09:49:30 CLSK buy $13.570 long
2020-09-22 09:54:00 CLSK sell $13.780 long
2020-09-22 09:54:00 CLSK sell $13.750 long
2020-09-22 09:58:24 CLSK sell $13.580 long
2020-09-22 09:58:25 CLSK sell $13.580 long
2020-09-22 09:58:36 CLSK sell $13.510 long
2020-09-22 09:58:36 CLSK sell $13.510 0


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