Shared by
beno
Fundamentals
As of: Q Sept 30, 2019
Shares Outstanding (always latest): 19.7m
Cash: 4.769m (
Current liabilities: 1.9m
Current ratio: 1.7
NWC (total current assets - total current liabilities): 1.37m
Accumulated deficit: 40m
Book value per share (Stock holder equity / Shares outstanding): 0.0913
Monthly Burn rate (net cash used in operating activities / months): 1.056
Estimated current cash: 2.129m
Baby Shelf Exemption price per share: 3.8
Catalysts / News / Painting the picture
Bayer and Daré Bioscience Announce Exclusive Licensing Agreement for U.S. Commercial Rights to Ovaprene ®, an Investigational Hormone-Free, Monthly Contraceptive
Enough cash left for about 2 months
Still has $10m ATM thats untouched
Warrants at 0.98
Technical Analysis
-Daily chart full of wicks, can't hold gains
-Held 1.50 surprisingly well, this is over/under line
-Levels: 1.50, 1.80, 2, 2.10
Original Plan / Strategy
First Test Long of 1.80 to 1.85 level
Review
Only two lots got filled, sold one right away to cover risk, held last for a bigger move, stopped out when it came back down to the support level and tested it a second time.
Lessons Learned: Maybe I should try holding until it breaks below the first wick / first test level?
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-13 09:57:54 | DARE | buy | $1.890 | long |
| 2020-01-13 09:57:58 | DARE | buy | $1.870 | long |
| 2020-01-13 10:00:40 | DARE | sell | $1.930 | long |
| 2020-01-13 10:02:51 | DARE | sell | $1.880 | 0 |
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