Shared by
beno
Fundamentals
As of: Sep 30 2019
Shares Outstanding (latest from broker): 9.07m
Cash: 65k
Current liabilities: 14.5m
Current ratio: 0.358
NWC (total current assets - total current liabilities): -9.344m
Accumulated deficit: 8.417m
Book value per share (Stock holder equity / Shares outstanding): 1.08
Monthly Burn rate (net cash used in operating activities / months): 104k
Estimated current cash: -351k
Baby Shelf Exemption price per share: 8.27
Catalysts / News / Painting the picture
Enters into Material Definitive Agreement to Acquire Chongqing Guanzan Technology
Constantly losing money, has next to no cash
No dilution, but needs cash somehow?!
Technical Analysis
-Support at 2.38 on daily chart
-Levels: 4.50, 6, 7.40
-Upswing might have finished today, sellers were in control all afternoon
Original Plan / Strategy
First Test Long of 6.50 level
Review
Two lots filled before bounce started, one profit taker filled on the way up, wanted to hold for bigger move but stock was showing weakness so I sold second lot.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-03 10:15:15 | BIMI | buy | $6.540 | long |
| 2020-02-03 10:15:26 | BIMI | buy | $6.480 | long |
| 2020-02-03 10:15:43 | BIMI | sell | $6.650 | long |
| 2020-02-03 10:17:52 | BIMI | sell | $6.450 | 0 |
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