BIMI Trade on Feb 3, 2020 11:13 from beno: Tradervue User Stock Trades.

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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 6.80 to 6.65 zone

Review

All lots got filled, was risking to below 6.50, stock wasn't bouncing at all, added an order above 6.50 so I can scratch trade out of it before getting stopped out (followed my rule to not stop out in front of whole/half dollar marks).

image


Execution detail:

Date/time Symbol Side Price Position
2020-02-03 11:13:15 BIMI buy $6.800 long
2020-02-03 11:13:44 BIMI buy $6.750 long
2020-02-03 11:13:44 BIMI buy $6.700 long
2020-02-03 11:14:02 BIMI buy $6.650 long
2020-02-03 11:17:46 BIMI buy $6.540 long
2020-02-03 11:20:22 BIMI sell $6.666 long
2020-02-03 11:22:09 BIMI sell $6.701 0


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