Shared by
beno
Fundamentals
Shares Outstanding: 5.9m
Cash: 1.03m
Current liabilities: 838k
Current ratio: 3.22
NWC (total current assets - total current liabilities): 1.862m
Monthly Burn rate (net loss / months): 620k
Estimated current cash: negative
Accumulated deficit: 191m
Book value per share (Stock holder equity / Shares outstanding): 0.45
August 2018 S-3 for $30m / 15m shares authorized
November 2018 propectus for $6.6m in ATM offering
214k shares of ATM at $5.02 on June 30, 2019
Technical Analysis
-Former runner
-Lots of wicks on the daily chart (dilution)
-Overall downtrend
-Lack of volume on daily
-Levels: 1.80, 2, 2.30, 2.50
Catalysts / News
-Testing bomb detection product at Miami Intl Air Port
Original Plan / Strategy
Washout long near bottom of channel
Review
First washout long I take in today's new runner. I'm seeing a pattern where my washout longs fail when they happen mid-day, need to avoid trading the washout long strategy during the mid-day lul.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-14 12:08:43 | ASTC | buy | $2.280 | long |
| 2019-11-14 12:13:03 | ASTC | buy | $2.230 | long |
| 2019-11-14 12:15:29 | ASTC | buy | $2.200 | long |
| 2019-11-14 12:15:40 | ASTC | sell | $2.170 | 0 |
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