Shared by
beno
Fundamentals
As of: Sept 30 2019
Shares Outstanding: 4.14m
Cash: $4.8m
Current liabilities: $3.8m
Current ratio: 2.6
NWC (total current assets - total current liabilities): $6.2m
Accumulated deficit: $155m
Book value per share (Stock holder equity / Shares outstanding): $1.18
Monthly Burn rate (net cash used in operating activities / months): $450k
Estimated current cash: $3.45m
Baby Shelf Exemption price per share: 18
Catalysts / News / Painting the picture
Jan 6th, Regained Compliance with All NYSE American Continued Listing Standards
Jan 3rd, Announces Closing of Preferred Stock Redemption Agreement
%SF 34%
High volume on Dec 10 was technical, no material change or news according to company
Enough cash for 7.5 months
Technical Analysis
-Huge POS down trending stock / pig
-Supported recently at 0.50
-Currently in an upswing
-Levels: 3.15, 3.30, 3.70, 4
Original Plan / Strategy
First Test Long of 3.70 level
Review
All 4 lots got filled, took profits on first 3/4 right away and held my last 1/4 for a bigger move. At First it looked like momentum was coming back to the stock but then it broke its demand trend line so I cut my last lot, it was a good decision as it tanked 30 minutes later:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-08 10:32:21 | CEI | buy | $3.750 | long |
| 2020-01-08 10:32:21 | CEI | buy | $3.730 | long |
| 2020-01-08 10:32:21 | CEI | buy | $3.710 | long |
| 2020-01-08 10:32:21 | CEI | buy | $3.690 | long |
| 2020-01-08 10:35:25 | CEI | sell | $3.780 | long |
| 2020-01-08 10:35:48 | CEI | sell | $3.810 | long |
| 2020-01-08 10:36:00 | CEI | sell | $3.850 | long |
| 2020-01-08 10:49:20 | CEI | sell | $3.831 | 0 |
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