CLVS Trade on Dec 2, 2019 09:34 from beno: Tradervue User Stock Trades.

Fundamentals

Shares Outstanding: 54,815,202
Cash: $345.1m
Current liabilities: $111.36m
Current ratio: 3.75
NWC (total current assets - total current liabilities): $307m
Monthly Burn rate (net loss / months): $33.43m
Estimated current cash: $295m
Accumulated deficit: $2144m
Book value per share (Stock holder equity / Shares outstanding): $-1.6

Catalysts / News / Painting the picture

-Earnings: Q3 loss but beat on revenues
-Has been running for the past 3 days on increasing volume

Technical Analysis

-Uptrend continuing, gained another $1.5 today
-Nice uptrend PM with 16.50 level to play against
-Sold off hard in the morning but trended back up all day

Original Plan / Strategy

First Test from 16.50 PM level

Review

Although the trade didn't work out, I would take it again because it matched my setup criteria. I believe the setup didn't work because the PM volume was immensely disproportionate to that of the open.

I stopped out in panic after the huge sell off as I didn't have my exit plan well defined with all possible scenarios; I sold at the worst possible price.

Lessons Learned 1: DON'T STOP OUT ABOVE WHOLE DOLLAR NUMBERS
Lessons Learned 2: DEFINE YOUR EXIT PLAN / STOP!
Lessons Learned 3: Be careful of disproportionate volume when trading the First Test setup!