Shared by
beno
Fundamentals
Picture: Positive Phase 3 for HERO, enough cash for 4 months, dilution since March
Shares Outstanding: 89.6m
Cash: 130.3m
Current liabilities: 60m
Current ratio: 2.8
NWC (total current assets - total current liabilities): 107m
Monthly Burn rate (net cash used in operating activities / months): 22.5m
Estimated current cash: 96m
Accumulated deficit: 640m
Book value per share (Stock holder equity / Shares outstanding): 0.192
Technical Analysis
-PM formed clean levels to play from: 10.75 and 12
-PM volume was high so PM levels were significant
-PM gapped above all resistance since May
Catalysts / News
Positive Phase 3 for HERO
Original Plan / Strategy
First Test strategy from PM levels
Review
Put my fantasy orders at both levels, got hit then got out immediately on the first sign of strength. Two nice scalps that made my day green.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-19 11:52:16 | MYOV | buy | $11.940 | long |
| 2019-11-19 11:53:22 | MYOV | sell | $12.230 | 0 |
| 2019-11-19 11:58:47 | MYOV | buy | $10.720 | long |
| 2019-11-19 11:58:50 | MYOV | buy | $10.600 | long |
| 2019-11-19 11:59:02 | MYOV | sell | $10.870 | 0 |
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