IBIO Trade on Mar 18, 2020 09:46 from beno: Tradervue User Stock Trades.

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
Withdraws reverse split intentions
Announces Development of Proprietary COVID-19 Vaccine Candidates
2020-02-28: S-3 for $100m, not in effect yet -> they're amending it and getting it ready
Needs cash

Technical Analysis

-Intraday pattern: Consolidation
-Levels: 1.50, 1.75

Original Plan / Strategy

-First try: FT-15 long of 1.75
-Second try: First test long of 1.60 level

Review

My first try was a FT-15 long but I now realize that it didn't go high enough for the trade to work out, should have let it go past $2.
My second try was a regular first test but I failed to get big and not only did I only get one lot in but it was the wrong size!

Lessons Learned: Make sure there's lots of meat on the bone for FT-15 setups when they break out!