Shared by
beno
Fundamentals
As of: October 29th
Shares Outstanding: 17.2m
Cash: 17.8m
Current liabilities: 0.907m
Current ratio: 20
NWC (total current assets - total current liabilities): 17.282m
Accumulated deficit: 167m
Book value per share (Stock holder equity / Shares outstanding): 1.01
Monthly Burn rate (net cash used in operating activities / months): 213k
Estimated current cash: 17.3m
Baby Shelf Exemption price per share: 4.36
Catalysts / News / Painting the picture
-Dec 5th: Cassava Sciences Announces Additional Positive Phase 2a Clinical Data in Alzheimers Disease at CTAD 2019
-PR in early December / late November that caused a technical rally
Technical Analysis
-Filled gap from mid-2018 all the way to 6.50
-Levels: 5.30, 5.50, 5.90
-Backside of this swing confirmed today
Original Plan / Strategy
First Test Long of 5.70 level
Review
Only first lot got filled and took profits prematurely due to the lack of a bounce and the teetering of the price action right above the level.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-12-31 10:23:24 | SAVA | buy | $5.710 | long |
| 2019-12-31 10:25:47 | SAVA | sell | $5.750 | 0 |
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