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
Original plan was to use my First Test strategy from the 7.70 level, moved my orders down to the 7.55 area when I noticed it broke down from the 7.55 area consolidation instead of trading back up towards 7.70.
Review
I did a good job stopping out but I should have added at the 7.70 level in hindsight as this was my original trade idea.
Lessons Learned: Always participate at the death line!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-21 14:50:52 | CRON | sell | $7.550 | short |
| 2019-11-21 14:53:29 | CRON | sell | $7.600 | short |
| 2019-11-21 15:07:15 | CRON | buy | $7.640 | short |
| 2019-11-21 15:08:52 | CRON | buy | $7.610 | 0 |
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