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: First Test short of 44 - 45 floor zone
Confluence: Whole $
Strike Zone: 44 - 45.5
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold above 45.5
Review / Lessons Learned
Didn't size up enough on NIO distribution so I size up 250% more in this underwater reject, was expecting it to go slightly higher which is why I didn't take it at 44, typical NIO bounce move... +1.5R here
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-13 15:36:27 | NIO | sell | $44.980 | short |
| 2020-11-13 15:36:30 | NIO | sell | $44.980 | short |
| 2020-11-13 15:37:17 | NIO | buy | $44.700 | short |
| 2020-11-13 15:38:43 | NIO | buy | $44.680 | short |
| 2020-11-13 15:38:53 | NIO | buy | $44.710 | short |
| 2020-11-13 15:39:40 | NIO | buy | $44.370 | short |
| 2020-11-13 15:39:48 | NIO | buy | $44.270 | short |
| 2020-11-13 15:39:53 | NIO | buy | $44.200 | short |
| 2020-11-13 15:39:57 | NIO | buy | $44.160 | short |
| 2020-11-13 15:40:06 | NIO | buy | $44.350 | 0 |
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