NVAX Trade on Mar 4, 2020 10:19 from beno: Tradervue User Stock Trades.

Fundamentals

As of: Sep 30 2019 Q (Share outstanding is latest)
Shares Outstanding (latest from broker): 42.6m
Cash: 71.167m (+$250m from recent offerings)
Current liabilities: 21.575m
Current ratio: 4.2
NWC (total current assets - total current liabilities): 67.5m
Accumulated deficit: 1.4b (WOW THIS IS HUGE)
Book value per share (Stock holder equity / Shares outstanding): -6.08
Monthly Burn rate (net cash used in operating activities / months): 12.54m
Estimated current cash: 258.467m (with cash from offerings)

Catalysts / News / Painting the picture

Sympathy play on China Corona Virus outbreak
Begins animal testing for COVID-19 vaccine
$250m shelf on Dec 31 2019 (All used from below prospectuses)
Jan 21 2020: $100m ATM
Mar 02 2020: $150m ATM
Enough cash for 20 months if counting cash from above offerings

Technical Analysis

-Holding 10 nicely
-Gap filled towards 12
-Morning strength with stop hunt above 12, then fade all afternoon
-Levels: 10, 11, 11.30, 12

Original Plan / Strategy

FT-15 short of 12 technical level with whole dollar and gap fill confluence

Review

I started scaling too early in this trade at 11.50 which is where I could potentially take profits for the trade...
I noticed refreshed selling at 12 when the price tried to get above there, that should have given me the conviction to get bigger in the trade.
The selloff was delayed and wasn't quick, it grinded down, but it sold off 80 cents nonetheless!

Lessons Learned:
1. Don't scale in with starters too early, be patient, give the trade time to properly setup!
2. GET BIGGER WHEN YOU NOTICE TAPE ACTION THATS IN YOUR FAVOR (REFRESHED SELL ORDERS AT KEY LEVEL)