Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 14 2020: Earnings - Net rev up 15% Q/Y - Weed sector strong compared to SPY
-May 21 2020: NY Post - Scientists believe cannabis could help prevent and treat coronavirus
-Sep 22 2020: Reporting earnings tonight
-Nov 06 2020: Sympathy from Joe Biden as potential president
-Nov 27 2020: Federal Marijuana Legalization Bill Will Get A Congressional Vote Next Week
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Fade
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Ext. Cap. Long
Confluence: Whole $
Strike Zone: 10 - 9.5
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below 9.9 (would have tried again near 9.5
Review / Lessons Learned
Decent B grade setup as ACB was getting very extended to the downside, 1R win, left 1R on the table.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-01 14:35:28 | ACB | buy | $9.940 | long |
| 2020-12-01 14:36:17 | ACB | buy | $9.930 | long |
| 2020-12-01 14:36:17 | ACB | buy | $9.930 | long |
| 2020-12-01 14:36:17 | ACB | buy | $9.930 | long |
| 2020-12-01 14:37:32 | ACB | sell | $10.060 | long |
| 2020-12-01 14:37:54 | ACB | sell | $10.050 | long |
| 2020-12-01 14:37:54 | ACB | sell | $10.050 | 0 |
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