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 the 1.90 level
Review
Bought at 1.93 near in anticipation that the price would bounce from 1.9, had a hard time bouncing so I set my profit taking order very close 5 cents above, got hit and took profits.
Lessons learned: The better trade to take was from the 1.8 level. A previous resistance that was tested multiple times makes for a great support in the future and a good first bounce play!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-14 14:16:07 | ASTC | buy | $1.930 | long |
| 2019-11-14 14:21:33 | ASTC | sell | $1.980 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!