MYOV Trade on Nov 22, 2019 11:37 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

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

-Day 1 filled gap
-Ran up $2 today (day 4)
-Stuck at 14.25 resistance
-Levels: 10.75, 12, 12.75, 13.70, 14.25

Catalysts / News / Painting the picture

Positive Phase 3 for HERO, enough cash for 4 months, dilution since March

Original Plan / Strategy

Parabolic short because it looked over extended

Review

Shouldn't have taking the trade in hindsight, had a hint of FOMO, tried to use 13.50 psychological level to back the trade, clearly didn't work and stopped out within 1 minute. Will stick to shorting outer lines when stocks go parabolic.

Lessons Learned: USE OUTER LINES WHEN SHORTING PARABOLICS OF RECENT RUNNERS, DON'T JUMP IN FRONT OF A TRAIN!


Execution detail:

Date/time Symbol Side Price Position
2019-11-22 11:37:23 MYOV sell $13.470 short
2019-11-22 11:37:28 MYOV sell $13.490 short
2019-11-22 11:38:20 MYOV buy $13.650 short
2019-11-22 11:38:21 MYOV buy $13.650 0


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