Shared by
beno
Fundamentals
Float = 53M
Catalysts / News / Painting the picture
-Oct 28 2020: Announces Acquisition of Viridian Therapeutics, Inc.
Technical Analysis
-SPY pattern: Bear Flag
-Intraday pattern: Bowl
-Other notes: Participant started sweeping bids at the lows then brought stock to new HOD
Strategy / Confluence / Sizing Guide / Risk
Strategy: Gap & Crap
Confluence: N/a
Strike Zone: n/a
Sizing (lots + emergency): 2000
Risk (stop / Rs): Hold above 1.2
Review / Lessons Learned
Really good Gap & Crap / ADF potential but I think everyone was on the same side and train derailed itself when a market participant started sweeping bids at the lows then brought stock to new HOD. Still decent trade, got +1.5R after borrows.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-28 08:17:34 | MGEN | sell | $1.150 | short |
| 2020-10-28 08:20:48 | MGEN | sell | $1.210 | short |
| 2020-10-28 08:21:27 | MGEN | sell | $1.200 | short |
| 2020-10-28 08:45:50 | MGEN | buy | $1.120 | short |
| 2020-10-28 08:49:49 | MGEN | sell | $1.170 | short |
| 2020-10-28 08:56:25 | MGEN | buy | $1.130 | short |
| 2020-10-28 09:02:48 | MGEN | sell | $1.140 | short |
| 2020-10-28 09:02:52 | MGEN | buy | $1.160 | short |
| 2020-10-28 09:10:34 | MGEN | sell | $1.200 | short |
| 2020-10-28 09:11:12 | MGEN | buy | $1.230 | 0 |
| 2020-10-28 09:38:33 | MGEN | sell | $1.130 | short |
| 2020-10-28 09:50:06 | MGEN | sell | $1.020 | short |
| 2020-10-28 09:55:02 | MGEN | sell | $1.030 | short |
| 2020-10-28 10:02:10 | MGEN | sell | $1.080 | short |
| 2020-10-28 10:02:48 | MGEN | sell | $1.090 | short |
| 2020-10-28 10:09:33 | MGEN | sell | $1.120 | short |
| 2020-10-28 10:10:02 | MGEN | buy | $1.160 | short |
| 2020-10-28 10:12:43 | MGEN | sell | $1.190 | short |
| 2020-10-28 10:14:33 | MGEN | buy | $1.129 | short |
| 2020-10-28 10:15:17 | MGEN | buy | $1.120 | short |
| 2020-10-28 10:21:46 | MGEN | buy | $0.9596 | short |
| 2020-10-28 10:25:38 | MGEN | sell | $1.010 | short |
| 2020-10-28 11:25:54 | MGEN | buy | $0.9459 | short |
| 2020-10-28 11:47:10 | MGEN | buy | $0.9017 | short |
| 2020-10-28 12:01:26 | MGEN | buy | $0.8391 | short |
| 2020-10-28 12:23:41 | MGEN | buy | $1.050 | 0 |
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