Shared by
beno
Fundamentals
IN CAD
Shares Outstanding: 338.957m
Cash: 1.475b
Current liabilities: 604m
Current ratio: 3.45
NWC (total current assets - total current liabilities): 1.482b
Monthly Burn rate (net cash used in operating activities / months): 11.3m
Estimated current cash: 1.452b
Accumulated deficit: 1.44b (retained earnings - positive)
Book value per share (Stock holder equity / Shares outstanding): 6.34
Technical Analysis
-7.86 to 8 area is last support turned resistance on the daily chart
-Levels: 7.40, 7.70, 8
Catalysts / News / Painting the picture
weed sympathy, can't tell if dilution is present, weed sector oversold as a whole
Original Plan / Strategy
Parabolic short of 7.8 to 8 area, original plan after first entry was to scale all the way to 8.05
Review
Changed my plan when I seen it break HOD at 7.97 and trade higher to 8.05, didn't follow my plan to add more and instead stopped out right at the highs, would have been a green trade had I followed my plan, really got intimidated by looking at the tape and should have focused on whether or not the PA is breaking and holding above the 8 level.
Lessons learned: Stick to original plan and don't stop out a few cents above whole dollar numbers!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-21 11:31:43 | CRON | sell | $7.830 | short |
| 2019-11-21 11:33:54 | CRON | sell | $7.850 | short |
| 2019-11-21 11:36:51 | CRON | sell | $7.900 | short |
| 2019-11-21 11:52:23 | CRON | buy | $7.840 | short |
| 2019-11-21 11:57:14 | CRON | buy | $7.990 | short |
| 2019-11-21 11:57:26 | CRON | buy | $8.030 | 0 |
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