Short position in OCUL [Ocular Therapeutix Inc]

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!

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