Shared by
beno
Fundamentals
-S-3 for $100M
-Prospectus for shelf above for $16M
-Float = 16M
Catalysts / News / Painting the picture
-Sep 23 2020: Launches New Electric Vehicle Company Subsidiary
-Oct 05 2020: 13G Filing From Empery Asset Mgmt. Shows New 5.55% Stake
-Oct 15 2020: Advances EdisonFuture Electric Vehicle Subsidiary Through Strategic Agreement With Shaanxi Tongjia Automobile Co., Ltd.
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Gap & Crap
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Gap & Crap
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 600
Risk (stop / Rs): Hold above 11.5 for attempt 1, 10.7 reclaim + hold for attempt 2
Review / Lessons Learned
Not happy that my platform glitched out this morning, really feel like I was in a good mindset to trade this but its better to protect capital and be safe then the trade go against you and not be able to stop out properly - my orders were taking 1 minute to be accepted and I didn't even know if my position was still open or not. Still +1.5R on it (platform issues cleared up after 10:30am, best play was done by that time...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-15 09:44:19 | SPI | sell | $11.230 | short |
| 2020-10-15 09:46:57 | SPI | buy | $10.830 | short |
| 2020-10-15 09:49:12 | SPI | buy | $10.847 | 0 |
| 2020-10-15 10:58:37 | SPI | sell | $10.150 | short |
| 2020-10-15 11:06:05 | SPI | buy | $9.910 | short |
| 2020-10-15 11:07:41 | SPI | buy | $9.910 | 0 |
| 2020-10-15 11:29:43 | SPI | sell | $9.510 | short |
| 2020-10-15 11:35:03 | SPI | buy | $9.469 | 0 |
| 2020-10-15 12:43:13 | SPI | sell | $9.300 | short |
| 2020-10-15 12:47:24 | SPI | buy | $9.220 | short |
| 2020-10-15 12:49:21 | SPI | buy | $9.347 | 0 |
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