Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 06 2020: Weak earnings / lags estimates, FDA approves phase 2 of COVID-19 vaccine
-Jun 03 2020: MRNA in top 5 pick for vaccine candidate
-Jul 13 2020: MRNA to join NASDAQ 100 Index
-Jul 23 2020: Lost nano particle patent against ABUS, vaccine could be in jeopardy
-Sep 30 2020: MRNA vaccine was deemed safe / CEO says vaccine won't be ready before elections (End of November)
-Oct 13 2020: J&J pauses their COVID-19 trial due to adverse events
-Nov 16 2020: COVID-19 Vaccine Candidate Meets its Primary Endpoint of Phase 3
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Descending triangle
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 200
Risk (stop / Rs): 89 reclaim
Review / Lessons Learned
A+ setup but unfortunately it didn't pan out, got to full size and was still able to B/E after pattern failed
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-18 13:38:00 | MRNA | sell | $89.330 | short |
| 2020-11-18 13:52:57 | MRNA | sell | $89.000 | short |
| 2020-11-18 13:59:03 | MRNA | sell | $88.970 | short |
| 2020-11-18 14:02:11 | MRNA | buy | $89.190 | short |
| 2020-11-18 14:03:09 | MRNA | sell | $89.073 | short |
| 2020-11-18 14:32:15 | MRNA | sell | $88.900 | short |
| 2020-11-18 14:33:24 | MRNA | buy | $89.070 | short |
| 2020-11-18 14:33:24 | MRNA | buy | $89.070 | short |
| 2020-11-18 14:33:24 | MRNA | buy | $89.060 | 0 |
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