Shared by
beno
Fundamentals
IN CAD
Shares Outstanding: 338.957m
Cash: 1.475b
Current liabilities: 604m
Current ratio: 3.45
NWC (total current assets - total current liabilities): 1.482b
Monthly Burn rate (net cash used in operating activities / months): 11.3m
Estimated current cash: 1.452b
Accumulated deficit: 1.44b (retained earnings - positive)
Book value per share (Stock holder equity / Shares outstanding): 6.34
Catalysts / News / Painting the picture
-weed sector sympathy
-weed sector oversold as a whole
-Barrons news: A New Bill Would Remove a CBD Roadblock for Marijuana Companies
Technical Analysis
-Volume increasing into this upswing move
-Blow off top might have been today with back side being set at 1pm
-Levels: 8, 8.30, 8.60, 8.80
Original Plan / Strategy
First Test Long of 8.60 level
Review
3 out of 4 lots got filled. Again, was having a hard time bouncing to a cut a lot early for small profits at 8.61, stopped out of remaining lots at 8.56. 8.50 should have been my stop here and I should have held for the bigger move to 8.70 (hindsight is easy here but I still should have managed the trade better)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-15 12:52:08 | CRON | buy | $8.570 | long |
| 2020-01-15 12:52:46 | CRON | buy | $8.550 | long |
| 2020-01-15 12:54:58 | CRON | buy | $8.530 | long |
| 2020-01-15 12:56:06 | CRON | sell | $8.600 | long |
| 2020-01-15 13:00:44 | CRON | sell | $8.560 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!