Shared by
beno
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
-Topped at $17, in the swing backside of the move now
-ETB so shorts can get squeezed easily
-Levels: 9.50, 9.80, 10
Original Plan / Strategy
First Test long of 10 level
Review
One Good trade, sized down because it was overextended.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-12-06 10:48:12 | CLVS | buy | $10.050 | long |
| 2019-12-06 10:48:14 | CLVS | buy | $10.010 | long |
| 2019-12-06 10:48:15 | CLVS | buy | $10.018 | long |
| 2019-12-06 10:48:59 | CLVS | sell | $10.110 | 0 |
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