VRAY Trade on Dec 4, 2019 08:06 from beno: Tradervue User Stock Trades.

Fundamentals

Shares Outstanding: 99.4
Cash: 90.7m
Current liabilities: 53m
Current ratio: 3.71
NWC (total current assets - total current liabilities): 143m
Monthly Burn rate (net cash used in operating activities / months): 8.5m
Estimated current cash: 73.6m
Accumulated deficit: 483m
Book value per share (Stock holder equity / Shares outstanding): 1.085
Baby Shelf Exemption price per share: 0.75

Catalysts / News / Painting the picture

Collaborating with Elekta and Medtronic to advance tech, contingent on raising/consuming $75m
$250m S-3 In January 2019
$75m ATM prospectus on Dec 2nd (announced via PR)
Warrants: 3.6m @ $5.17 and 11.4m @ $7.68
21% short interest and ETB
Enough cash for 9 months but extra $75m required for collaboration
Holding above 4.50 is bullish, could squeeze

Technical Analysis

-Day 1: Lots of sellers from 4.70 to 5.00
-Day 1: consolidation all day, POC and VWAP is 4.50
-Day 2: PM Parabolic into yesterdays POC then faded all day
-Levels: 3.70, 4, 4.50, 4.90-5

Original Plan / Strategy

Original plan was to panic pop short PM high of 4.20, trade turned into a parabolic short and I moved my orders up to 4.40s.

Review

Trade made me sweat. I had an idea of adding when it got to 4.50s but I just couldn't bring myself to add to my position. This trade gave me an idea of a new setup based on the previous days POC.

Lessons Learned: When a stock gaps down then trends back up to the previous days POC, its a good idea to short!