MIRM Trade on Dec 18, 2019 10:42 from beno: Tradervue User Stock Trades.

Fundamentals

Shares Outstanding: 22.989m
Cash: 30.8m
Current liabilities: 10.9m
Current ratio: 11.8
NWC (total current assets - total current liabilities): 118.4m
Monthly Burn rate (net cash used in operating activities / months): 2.84m
Estimated current cash: 23.6m
Accumulated deficit: 51.949m
Book value per share (Stock holder equity / Shares outstanding): 6.384
Baby Shelf Exemption price per share: 3.26

Catalysts / News / Painting the picture

Enough cash for 8 months of Ops
Completes Successful Pre-NDA Meeting with FDA for Maralixibat
June 21 S-1 for $86.250m
July 22 prospectus for $75m IPO (5m shares at $15)
13G - Rock Springs Capital owns 6% or 1.4m shares

Technical Analysis

-Made ATH of $27
-Levels: 17, 20.50, 22, 23.50, 25, 26, 27
-Had OD of $1 then consolidated between 17 and 17.50
-9:50am had a huge leg up going up $4
-If tomorrow it consolidates it could make another high on the 5th day

Original Plan / Strategy

First Test long of 22

Review

Bounce wasn't really clean, my first order got filled then it bounced slightly (this is where I took profits with my fantasy order). After that it retested the level a second time going slightly lower (both my other fantasy orders would have gotten filled).

Tomorrow I would like to concentrate on holding part of my positions for longer to capture more gains but only if more than one lot gets filled.