Shared by
beno
Fundamentals
As of: Sep 30 2019
Shares Outstanding: 31.9m
Cash: 2.1m
Current liabilities: 4.87m
Current ratio: 0.485
NWC (total current assets - total current liabilities): -2.5m
Monthly Burn rate (net cash used in operations / months): 1.29m
Estimated current cash: -3.06m
Accumulated deficit: 110m
Book value (Stock holder equity / Shares outstanding): -0.033
Catalysts / News / Painting the picture
Announces joint development of a coronavirus vaccine with Beijing CC-Pharming
Needs cash
2020-02-28: S-3 for $100m, not in effect yet
Technical Analysis
-Consolidation below yesterdays low of 2
-Levels: 1.60, 1.70, 2
Original Plan / Strategy
FT-15 short of 2 level from yesterday
Review
I sized down due to lingering fears of my FT-15 setups not working (BUT THEY SEEM TO BE WORKING WELL!!!). Got two lots filled and took it off when I noticed buying in the 1.80's on the tape.
This set up again in the afternoon but I didn't take it because it was in a clear uptrend, but the setup would have worked as an intraday swing.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-03 09:36:53 | IBIO | sell | $1.970 | short |
| 2020-03-03 09:37:37 | IBIO | sell | $1.960 | short |
| 2020-03-03 09:39:18 | IBIO | buy | $1.908 | short |
| 2020-03-03 09:40:36 | IBIO | buy | $1.910 | 0 |
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