Hallo friends! I entered a new short position in Ocular Therapeutix Inc [OCUL:NASD]. This is a small-cap company (currently 170M$) that is constantly falling in price (for the entire history of being on the stock exchange). The company has good fundamental background for a further price fall: All time low (no resistance levels) Sector Biotechnology (best companies for possible bankruptcy) No insider purchases (there is one small purchase, and sales are much larger) No dividends Also we have a good technical background: Lower highs on the remaining bars Clear lever for breakdown + clear breakdown Close level retest (buyers have no power) No gaps and paranormal bars So, I took short sale at 2.13 with a stop loss at 2.48 and full take profit at 0.38 per share. See you in the next ideas. If you have questions – ask!
