Short position in STRO [Sutro Biopharma Inc]


Found another good opportunity to earn in Sutro Biopharma Inc [STRO:NASD].

It is a loss-making small-cap company (143M) that has all the fundamentals for a further price fall:

  • All time low (no resistance levels)
  • Sector Biotechnology (best companies for possible bankruptcy)
  • Insider selling (!!!)
  • No dividends

Short position in STRO [Sutro Biopharma Inc]

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

My position parameters:

  • Open @ 2.35
  • Take Profit @ 0.50
  • Stop Loss @ 2.72

See you in the next positions! If you have questions – ask!


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About the author

Oleksandr Yanchak

Active investor and short seller. Most of the market is bad and mediocre companies. Then why buy them? Find a good entry point with minimal risk - and sell. Steady money only in Short Sales!

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