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: Fade
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Distribution (with dynamic floor)
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 250
Risk (stop / Rs): 49.55
Review / Lessons Learned
Setup called out in room, tried with tight risk but it simply wasn't ready to go. -1R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-20 13:21:04 | NIO | sell | $49.410 | short |
| 2020-11-20 13:21:04 | NIO | sell | $49.400 | short |
| 2020-11-20 13:28:48 | NIO | buy | $49.600 | short |
| 2020-11-20 13:28:48 | NIO | buy | $49.600 | short |
| 2020-11-20 13:28:48 | NIO | buy | $49.600 | 0 |
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