Shared by
beno
Fundamentals
Shares Outstanding: 54,815,202
Cash: $345.1m
Current liabilities: $111.36m
Current ratio: 3.75
NWC (total current assets - total current liabilities): $307m
Monthly Burn rate (net loss / months): $33.43m
Estimated current cash: $295m
Accumulated deficit: $2144m
Book value per share (Stock holder equity / Shares outstanding): $-1.6
Technical Analysis
-Consolidation below day 2 high
-Broke level, 6.2 became over/under with 5.25 as next over/under level
-Huge run up then bounced from 6.2 level, closed strong
-Important levels are 5.25, 5.9, 6.2, 6.66 and 6.8
Catalysts / News
-Earnings: Q3 loss but beat on revenues
Original Plan / Strategy
Washout long after strong pops.
Review
First washout I took right after a quick wash but I sold too early. The second washout long turned into a hold-n-pray trade (at least thats how it felt) but it worked out in the end so I feel like I'm rewarding bad behavior on that one...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-13 11:05:21 | CLVS | buy | $6.350 | long |
| 2019-11-13 11:05:51 | CLVS | buy | $6.300 | long |
| 2019-11-13 11:09:15 | CLVS | sell | $6.390 | long |
| 2019-11-13 11:10:41 | CLVS | sell | $6.390 | 0 |
| 2019-11-13 11:17:26 | CLVS | buy | $6.560 | long |
| 2019-11-13 11:17:36 | CLVS | buy | $6.520 | long |
| 2019-11-13 11:25:36 | CLVS | buy | $6.450 | long |
| 2019-11-13 11:33:09 | CLVS | buy | $6.400 | long |
| 2019-11-13 11:34:37 | CLVS | buy | $6.400 | long |
| 2019-11-13 11:41:29 | CLVS | sell | $6.520 | long |
| 2019-11-13 11:45:10 | CLVS | sell | $6.510 | 0 |
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