Shared by
beno
Fundamentals
Float = 98M
Catalysts / News / Painting the picture
-Dec 03 2020: Warner Bros says 2021 films will be available for streaming while in theaters
-Dec 14 2020: AMC lenders say it should declare bankruptcy
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Bear Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade FT-15 long of 15.5 - 15.25
Confluence: Half $
Strike Zone: 15.5 - 15.25
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 15.25
Review / Lessons Learned
Starter long but scratched it because I didn't like how weak AMC was from that news, B/E
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-14 09:55:17 | CNK | buy | $15.410 | long |
| 2020-12-14 09:55:17 | CNK | buy | $15.410 | long |
| 2020-12-14 09:58:04 | CNK | sell | $15.360 | long |
| 2020-12-14 09:58:04 | CNK | sell | $15.363 | long |
| 2020-12-14 09:58:04 | CNK | sell | $15.360 | 0 |
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