PHUN Trade Plan

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Note: Assessment, Details, Summary and Trades headers are collapsible boxes.

  • Assessment
    Grade a

    I closed out the last of PHUN after going through their latest offering I feel like the company has a lot to prove before it can have a sustained rally higher. They have a ton of warrants and note conversions that can dilute the shares further. They do have some interesting products getting ready to roll out but the stock moved from .60 cents to 3 in a short period of time and they may need to raise more capital > I will continue to watch PHUN and if it gets back down to 2 or less I may jump back in
  • Details
    • Direction
      long 5000 shares
    • Reward/Risk
      -6.3 / 1
    • Entry
      $0.66
    • Target 1
      $2.50 (278.79%)
    • Target 2
      $3.50 (430.3%)
    • Stop
      $0.95 (43.94%)
  • Trades (6)
    • 02/17/21
      sell 200 shares at $3.05
    • 02/11/21
      sell 300 shares at $3.06
    • 02/04/21
      sell 1K shares at $2.31
    • 01/28/21
      buy 900 shares at $1.72
    • 12/28/20
      sell 400 shares at $1.38
    • 12/01/20
      buy 1K shares at $0.66
  • Summary

    PHUN has some large customers and they have some very interesting products for some reason I thought they were a Chinese company but I was wrong, They have an impressive executive team they are running an ATM to raise cash I do have a concern that they may have to do a reverse split if they can not get their stock back over a buck 49 million shares in the float No insider buys I will be listening to a call on the 3rd I took a starter @ .66 cents I want to see what they have to say on the call. It could be a catalyst if I like what I hear I may add to the position this could be more of a long term hold turnaround play. They just hired a new investor relations firm so I expect them to be more active in the institutional investor presentations. Watch this video where the IR firm talks about why they are involved with PHUN if it pulls to .50 cents or lower I could add prior to the Dec 3rd event and if I do not like what I hear I will likely exit the trade after the event https://youtu.be/_xXGiTQ8ciQ