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
-Nov 30 2020: CO announces 94% effectivity rate in COVID vaccine
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Fade
-Other notes: FRD setup on MRNA after huge macro extension
Strategy / Confluence / Sizing Guide / Risk
Strategy: Ext. Cap. Long
Confluence: N/a
Strike Zone: 140 - 130
Sizing (lots + emergency): 50
Risk (stop / Rs): Discretionary stop based on tape
Review / Lessons Learned
Very tricky trade, took two 1R cuts but then only made 1R when I got back in, the bounce was not clean, it was very grindy. -1R in total here.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-01 12:57:22 | MRNA | buy | $145.670 | long |
| 2020-12-01 12:59:02 | MRNA | sell | $144.290 | 0 |
| 2020-12-01 13:01:16 | MRNA | buy | $138.610 | long |
| 2020-12-01 13:01:16 | MRNA | buy | $138.610 | long |
| 2020-12-01 13:06:23 | MRNA | sell | $137.610 | 0 |
| 2020-12-01 13:12:13 | MRNA | buy | $139.440 | long |
| 2020-12-01 13:19:06 | MRNA | sell | $140.540 | 0 |
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