Shared by
beno
Fundamentals
-Float = 427M
Catalysts / News / Painting the picture
-Nov 30 2020: Announces Elimination of Senior Secured Second Lien Convertible Notes / Weed sector sympathy
Technical Analysis
-SPY pattern: Bowl
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Extension Capitulation short
Confluence: N/a
Strike Zone: .80 - 1
Sizing (lots + emergency): 2000
Risk (stop / Rs): Hold above .9
Review / Lessons Learned
A+ short, doesn't get cleaner then this: Volume came in as tape was capitulating very fast at highs. +3R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-30 13:05:02 | SNDL | sell | $0.8380 | short |
| 2020-11-30 13:05:02 | SNDL | sell | $0.8380 | short |
| 2020-11-30 13:05:02 | SNDL | sell | $0.8380 | short |
| 2020-11-30 13:05:02 | SNDL | sell | $0.8380 | short |
| 2020-11-30 13:05:02 | SNDL | sell | $0.8380 | short |
| 2020-11-30 13:05:16 | SNDL | sell | $0.8548 | short |
| 2020-11-30 13:05:42 | SNDL | buy | $0.7500 | short |
| 2020-11-30 13:06:06 | SNDL | buy | $0.7551 | short |
| 2020-11-30 13:06:06 | SNDL | buy | $0.7551 | short |
| 2020-11-30 13:06:06 | SNDL | buy | $0.7551 | short |
| 2020-11-30 13:06:06 | SNDL | buy | $0.7551 | short |
| 2020-11-30 13:07:49 | SNDL | buy | $0.7075 | short |
| 2020-11-30 13:07:59 | SNDL | buy | $0.6628 | 0 |
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