Shared by
beno
Fundamentals
-Float = 155M
-Dilution = $3B S-3, $2.25B left
Catalysts / News / Painting the picture
-Oct 16 2020: Receives $1.65B bankruptcy financing package
Technical Analysis
-SPY pattern: Parabolic Fade
-Intraday pattern: Bowl
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Parabolic Fade
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 2000
Risk (stop / Rs): Hold above 2
Review / Lessons Learned
Hard trade, I think the main issue why trade didn't work after 10:30am was:
1. Stock's morning fade was already over extended to the downside
2. Everyone was looking to short
3. Bottomed at zombie times
4. Tight bull flag after LOD (buyers stepping up)
-1.5R in total, but -2R after borrows
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-16 10:12:30 | HTZ | sell | $2.030 | short |
| 2020-10-16 10:14:55 | HTZ | buy | $2.000 | short |
| 2020-10-16 10:15:27 | HTZ | buy | $1.980 | short |
| 2020-10-16 10:16:12 | HTZ | buy | $2.030 | 0 |
| 2020-10-16 10:22:08 | HTZ | sell | $1.950 | short |
| 2020-10-16 10:23:04 | HTZ | buy | $1.890 | short |
| 2020-10-16 10:23:09 | HTZ | buy | $1.880 | short |
| 2020-10-16 10:23:15 | HTZ | buy | $1.870 | short |
| 2020-10-16 10:23:21 | HTZ | buy | $1.850 | short |
| 2020-10-16 10:23:40 | HTZ | buy | $1.840 | 0 |
| 2020-10-16 10:39:48 | HTZ | sell | $1.810 | short |
| 2020-10-16 10:42:11 | HTZ | sell | $1.840 | short |
| 2020-10-16 11:17:13 | HTZ | sell | $1.920 | short |
| 2020-10-16 11:22:36 | HTZ | sell | $1.950 | short |
| 2020-10-16 11:37:29 | HTZ | buy | $1.960 | short |
| 2020-10-16 11:39:46 | HTZ | sell | $2.040 | short |
| 2020-10-16 11:58:49 | HTZ | buy | $2.070 | 0 |
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