Shared by
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
First Test
Review
14.90 was a solid resistance turned support but the true first test was on the wick that tested 14.92 at 12:51, setup turned into a B at that point, held for too long and spent too much emotional capital on it. Should have set a stop loss order and a profit order and watched something else.
Lessons learned: Don't spend too much emotional and mental capital on low volume stocks that grind, if already entered, set some stop/profit orders and watch something else!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-25 13:01:29 | MYOV | buy | $14.930 | long |
| 2019-11-25 13:01:32 | MYOV | buy | $14.910 | long |
| 2019-11-25 13:01:32 | MYOV | buy | $14.900 | long |
| 2019-11-25 13:03:00 | MYOV | buy | $14.890 | long |
| 2019-11-25 13:07:39 | MYOV | buy | $14.860 | long |
| 2019-11-25 13:16:20 | MYOV | sell | $14.900 | long |
| 2019-11-25 13:16:33 | MYOV | sell | $14.920 | long |
| 2019-11-25 13:24:35 | MYOV | sell | $14.930 | long |
| 2019-11-25 13:25:47 | MYOV | sell | $14.950 | long |
| 2019-11-25 13:33:14 | MYOV | sell | $14.950 | 0 |
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