Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jan 2020: Tesla sympathy play
-Jan 2020: Rumors about a $1 billion cash infusion from GAC Group
-Jan 2020: Lots of funding news lately
-Jun 03 2020: Upgraded to buy at GS
-Jul 08 2020: sympathy movement from TSLA / EV sector
-Aug 11 2020: Earnings: Revs up 146% Y/Q and up 171% Q/Q, Deliveries up 322% Y/Y
-Aug 27 2020: $75M share offering at $17 per share
-Nov 02 2020: Deliveries up 110% M/M, JPM upgrades to buy & $40 PT
Technical Analysis
-SPY pattern: Afternoon Runner
-Intraday pattern: Fade
-Other notes: FRD on EV sector leader
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 45 level
Confluence: Whole $
Strike Zone: N/a
Sizing (lots + emergency): 50
Risk (stop / Rs): Hold below 44
Review / Lessons Learned
NIO was already overextended to downside after first leg down, tape was wild in the 44's, should have added more lots and have gotten much bigger as this was volume capitulation. +1R only
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-13 10:58:54 | NIO | buy | $45.260 | long |
| 2020-11-13 11:04:18 | NIO | sell | $46.200 | long |
| 2020-11-13 11:04:25 | NIO | sell | $46.380 | long |
| 2020-11-13 11:04:44 | NIO | sell | $46.580 | long |
| 2020-11-13 11:04:56 | NIO | sell | $46.680 | long |
| 2020-11-13 11:05:21 | NIO | sell | $46.980 | 0 |
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