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REGENXBIO Inc. (NASDAQ: RGNX). August. Short. +23.74% On Invested Capital.

Sep. 03, 2020 6:48 AM ETREGENXBIO Inc. (RGNX)
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Summary

  • Investors are very fond of the result.
  • I propose to calculate the potential profit for August.
  • The forecast were printed on August 02, 2020.

August 11

Short

Volume position 1000 shares.

Position opening: $ 34.95.

$ 34.95 x 1000 shares = $ 34,950. This is the invested capital.

Stop Loss: $ 35.60

August 13

On my strategy at the price of $ 32.65, 50% of the position was closed.

$ 34.95 x 1000 shares = $ 34,950

$ 32.65 x 1000 shares = $ 32,650

$ 34,950 - $ 32,650 = $ 2,300. This is 6.58% on invested capital.

We continue to hold the position.

$ 34.95 x 500 shares = $ 17,475

August 24

Closing position August 11

$ 34.95 x 500 shares = $ 17,475

$ 28.95 x 500 shares = $ 14,475

$ 17,475 - $ 14,475 = $ 3,000. This is 17.16% on invested capital.

Profit for August.

$ 2,300 + $ 3,000 = $ 5,300

6.58% + 17.16% = 23.74%

By the way. The position volume could be increased 3 times. This is for this ticker.

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