NVAX Trade on Mar 5, 2020 11:32 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

-Morning strength
-Afternoon consolidation
-EoD weakness / selling
-Levels: 12, 12.50, 12.80, 13.30

Original Plan / Strategy

First test of 12.80 by 12.70 support zone

Review

Went further than anticipated to 12.65 so my stance changed to defense right away. Took profits on the first sign of strength .