CPAH Trade on Jan 10, 2020 13:10 from beno: Tradervue User Stock Trades.

Fundamentals

As of: October 31rst, 2019 (share info Dec 6)
Shares Outstanding: 5.96m
Cash: 1.8m
Current liabilities: 5.1m
Current ratio: 0.715
NWC (total current assets - total current liabilities): -1.450m
Accumulated deficit: 70.3m
Book value per share (Stock holder equity / Shares outstanding): 0.32
Monthly Burn rate (net cash used in operating activities / months): 161k
Estimated current cash: 1.4m
Baby Shelf Exemption price per share: 12.583

Catalysts / News / Painting the picture

Enough cash for 3.5 months
Jan 9 PR: CounterPath Chosen by Honeywell to Create Unified Communications (UC) Solution for Mobile Devices and Handheld Scanners
No Dilution

Technical Analysis

-Weak PM
-Very strong open going up 100%
-Levels: 1.75, 2.50, 3, 3.30, 4.50

Original Plan / Strategy

First Test Long of the 2.95 line

Review

The stock was trading at 3.07 when it immediately went down to 2.95 and I only got a partial fill (100 shares) on my first lot. The move was instant and scared me, the stock jumped up back above $3 almost instantly. I closed my position as the bounce had happened already and I didn't want to get stuck in a violent down move. Obviously in hindsight it looks like a pike but the move made it look like an offering was being dropped, someone did a sweep to fill order. Since the bounce already happened I canceled my other orders as now I didn't want them to get filled.