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 6.2 support
Review
Had fantasy orders at 6.2 and 6.15 (in case we leaked below that). Was to quick to take profits, should edit my playbook to add some time if taking a washout long in the afternoon.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-13 14:10:47 | CLVS | buy | $6.200 | long |
| 2019-11-13 14:11:18 | CLVS | buy | $6.150 | long |
| 2019-11-13 14:13:23 | CLVS | sell | $6.220 | long |
| 2019-11-13 14:13:27 | CLVS | sell | $6.220 | 0 |
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