NVAX Trade on Mar 5, 2020 12:28 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 short of 13.10 technical zone

Review

Trade took too long to work to I scratched it: my scalps for this setups usually have worked out after 4 minutes - good trades work right away! I also saw some bid props which I thought would propel the stock upward. The tape can really give you false signals sometimes...