Shared by
beno
Fundamentals
Float = 76M
Catalysts / News / Painting the picture
-Sep 30 2020: to Submit a NDA for the Accelerated Approval of Pacritinib for the Treatment of Myelofibrosis Patients
Technical Analysis
-SPY pattern: Bull Flag
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Mountain
Confluence: N/a
Strike Zone: 2.8 - 2.9
Sizing (lots + emergency): 2000
Risk (stop / Rs): Reclaim of 2.9 / VWAP
Review / Lessons Learned
Wasn't looking at bigger picture trend here, the death candle bounced from the day 1 highs, it traded over 100M volume on day 1 and float is 76M (should have clued in there and should have been no trade)
Lessons Learned:
- Don't take any backside trades after multi-day ticker tests high of initial high volume day 1
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-02 12:31:09 | CTIC | sell | $2.815 | short |
| 2020-10-02 12:31:09 | CTIC | sell | $2.813 | short |
| 2020-10-02 12:31:09 | CTIC | sell | $2.810 | short |
| 2020-10-02 12:31:09 | CTIC | sell | $2.810 | short |
| 2020-10-02 12:31:09 | CTIC | sell | $2.810 | short |
| 2020-10-02 12:31:09 | CTIC | sell | $2.810 | short |
| 2020-10-02 12:31:09 | CTIC | sell | $2.810 | short |
| 2020-10-02 12:35:08 | CTIC | sell | $2.750 | short |
| 2020-10-02 12:35:08 | CTIC | sell | $2.750 | short |
| 2020-10-02 12:39:34 | CTIC | sell | $2.790 | short |
| 2020-10-02 12:39:34 | CTIC | sell | $2.790 | short |
| 2020-10-02 12:39:34 | CTIC | sell | $2.790 | short |
| 2020-10-02 13:54:36 | CTIC | sell | $2.800 | short |
| 2020-10-02 13:54:36 | CTIC | sell | $2.800 | short |
| 2020-10-02 13:54:36 | CTIC | sell | $2.800 | short |
| 2020-10-02 13:54:36 | CTIC | sell | $2.800 | short |
| 2020-10-02 13:54:36 | CTIC | sell | $2.800 | short |
| 2020-10-02 13:54:36 | CTIC | sell | $2.800 | short |
| 2020-10-02 14:04:51 | CTIC | buy | $2.840 | short |
| 2020-10-02 14:04:51 | CTIC | buy | $2.840 | short |
| 2020-10-02 14:05:36 | CTIC | buy | $2.865 | short |
| 2020-10-02 14:05:36 | CTIC | buy | $2.870 | short |
| 2020-10-02 14:05:36 | CTIC | buy | $2.870 | short |
| 2020-10-02 14:05:36 | CTIC | buy | $2.865 | short |
| 2020-10-02 14:05:36 | CTIC | buy | $2.870 | short |
| 2020-10-02 14:21:13 | CTIC | sell | $2.870 | short |
| 2020-10-02 14:21:13 | CTIC | sell | $2.870 | short |
| 2020-10-02 14:21:13 | CTIC | sell | $2.870 | short |
| 2020-10-02 14:28:40 | CTIC | buy | $2.920 | short |
| 2020-10-02 14:28:40 | CTIC | buy | $2.920 | 0 |
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