Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Top "Stay-at-home" stock that is running
-Running because Zoom makes Teleconference / internet meeting software
-April 08 2020: Google banning Zoom software from work laptops due to security concerns
-April 14 2020: Zoom Clients Get New Call Controls To Choose Data Routing (to ease security concerns)
-April 24 2020: Facebook launches video conferencing , announces updates to FB and Instagram
-April 30 2020: Admits false claims about 300M users
-May 07 2020: Acquires KeyBase to boost security with end-to-end encryption
-Aug 31 2020: Extremely good earnings, EPS and Rev beat
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Fade
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade Distribution short of 356 floor
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 70
Risk (stop / Rs): Micro trend change / HH
Review / Lessons Learned
Had to cut due to floor capitulation (should've seen tightness / weakness). Only loss today for a -1R loss.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-28 12:56:51 | ZM | sell | $356.120 | short |
| 2020-12-28 12:59:42 | ZM | sell | $357.040 | short |
| 2020-12-28 13:00:13 | ZM | sell | $356.900 | short |
| 2020-12-28 13:03:28 | ZM | buy | $357.320 | 0 |
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