Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Cruise line industry was extremely oversold
-US stimulus bill might not include major cruise lines as they're not incorporated in USA
-May 04 2020: Will open 8 ships for business on August 1rst
-Jun 19: Cruise Lines International Association (CLIA) announced a voluntary suspension of operations from U.S. ports until September 15 due to the COVID-19 outbreak
-Jul 09 2020: Carnival Corporation's AIDA Cruises to restart sailing vacations in August
-Oct 30 2020: CDC ISSUES GUIDELINES FOR PHASED RESUMPTION OF CRUISES
-Nov 09 2020: Pfizer says vaccine is 90%+ effective, available as early as December this year
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First Test
Confluence: Whole $, VWAP
Strike Zone: 17.1 - 16.8
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 16.6
Review / Lessons Learned
Really good news before market made this to be OGT. Could have gotten bigger because of news or could have held some for slightly longer. +2R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-09 07:38:03 | CCL | buy | $16.850 | long |
| 2020-11-09 07:38:03 | CCL | buy | $16.850 | long |
| 2020-11-09 07:39:47 | CCL | sell | $17.240 | long |
| 2020-11-09 07:40:06 | CCL | sell | $17.340 | long |
| 2020-11-09 07:40:40 | CCL | sell | $17.460 | long |
| 2020-11-09 07:41:22 | CCL | sell | $17.590 | long |
| 2020-11-09 07:41:28 | CCL | sell | $17.450 | 0 |
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