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: Distribution
Confluence: Whole $, 1m-JL
Strike Zone: 44 - 45
Sizing (lots + emergency): 100
Risk (stop / Rs): Hold above 45
Review / Lessons Learned
Truly an A++ trade that I missed to size in on. Many weak variables made this A+: FRD on EV sector leader, weak tape, profit takers on Friday. Could have gotten to 5x the size easily. +1.5R
Lessons Learned: Size up in A+ setups!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-13 13:48:59 | NIO | sell | $44.150 | short |
| 2020-11-13 13:51:12 | NIO | buy | $44.450 | 0 |
| 2020-11-13 13:58:07 | NIO | sell | $44.300 | short |
| 2020-11-13 13:59:40 | NIO | sell | $44.002 | short |
| 2020-11-13 14:05:40 | NIO | buy | $43.300 | short |
| 2020-11-13 14:05:42 | NIO | buy | $43.310 | short |
| 2020-11-13 14:05:48 | NIO | buy | $43.270 | short |
| 2020-11-13 14:05:52 | NIO | buy | $43.280 | short |
| 2020-11-13 14:06:03 | NIO | buy | $43.438 | short |
| 2020-11-13 14:09:58 | NIO | buy | $42.570 | short |
| 2020-11-13 14:10:43 | NIO | buy | $42.490 | short |
| 2020-11-13 14:10:57 | NIO | buy | $42.600 | short |
| 2020-11-13 14:11:39 | NIO | buy | $42.040 | short |
| 2020-11-13 14:13:53 | NIO | buy | $42.700 | 0 |
| 2020-11-13 14:44:05 | NIO | sell | $40.940 | short |
| 2020-11-13 14:44:05 | NIO | sell | $40.940 | short |
| 2020-11-13 14:44:05 | NIO | sell | $40.930 | short |
| 2020-11-13 14:44:41 | NIO | buy | $41.070 | 0 |
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