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
-Sellers in control all day, with exception of afternoon
-Bounced from 6 level
-Still holding above day 2 high where most people participated
-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 into afternoon strength
Review
I was obviously late to the party and tried to long it as people were taking profits near end of day.
Lessons Learned: I should have a rule not to start position in the last 15 minutes of the trading day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-14 15:45:38 | CLVS | buy | $6.500 | long |
| 2019-11-14 15:46:42 | CLVS | buy | $6.450 | long |
| 2019-11-14 15:55:03 | CLVS | sell | $6.350 | 0 |
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