Holy moly! I hit the lotto! (sort of)

[bobandsherry]

Uh, oh.... not sure how much he still has, but someone's going to have problems with their ACA subsidy

If they get bought I hope it is for something around $1.5B which would put the shares at $20 each and give me some extra money to pay taxes.

Guess you got your wish and then some - nice call!

 

[tulak]

This proves that dumb luck can pay off.

Fermion, thank you!

 

[Fermion]

I still had 6000 shares plus 200 shares in my Robinhood account (will post about that major win in a sec).

I am on cloud 9 right now but realize that $24 a share is only $4 more than recent highs. I bought 200 shares in Robinhood in the $17 area last month when it dropped after the offering at $18.50. It dropped last week to $15 so there was meat on the bone.

Nice to wake up today to a $48,000 gain in one's trading account though. I think I will not make out this well ever again ($330,000 total gain on a $45,000 investment in about a year).

And yes, the ACA subsidy is in a bit of trouble. I have realized gains this year already of $170,000 in taxable even without selling Endocyte. I think the deal might not close until 2019 so maybe could put off the extra gains to next year?

 

[Fermion]

This proves that dumb luck can pay off.

Fermion, thank you!

Dumb luck indeed! How many of those options did you purchase? 18,000% gain? Dang you are going to get investigated by the SEC

 

[tulak]

Dumb luck indeed! How many of those options did you purchase? 18,000% gain? Dang you are going to get investigated by the SEC

Not enough!

The result looks way better than it actually is. I bought 12 contracts a couple of weeks ago that expire 10/19. I started selling them earlier this week, figuring something is better than nothing, and was left with only 2 contracts yesterday that I couldn't sell. I sold the other 10 for pennies on the dollar and today I'm very lucky nobody wanted the last 2 contracts.

We're talking very small dollar amounts, but more than enough to fund my beer fund for the year.

It was by chance that I even bought any contracts. I finally funded my RH account and started playing around with ECYT contracts. I was just having a little bit of fun getting used to the platform. Not a bad start!

 

[Russman]

Great call, Fermion. I watched your posts on this way back, but didn't have the guts to do it myself. It's nice to see folks hit 'em every once in a while.

 

[kite_rider]

Way to go Fermion! This put you firmly on top of the 'Beat Boho' contest for now. Hard to believe it was just a year ago we were talking about the great gains made when it got to $5/share!

 

[Curmoodgeon]

Question - I had a few shares of ECYT, I just noticed that my brokerage account shows them all as being sold on Dec 24 for $24. Why is this? I didn't ask for them to be sold, and I assumed the acquisition would just show up as me receiving X shares of NVS for each share of ECYT I held. Is that not how it worked? I wasn't expecting to have end-of-year cap gains from ECYT, now it seems I do...

 

[Fermion]

Yeah well, they got bought out, not shares for shares.

I took all my gains this year 2018 anyway so I can start fresh in 2019 and maybe get a ACA subsidy.

 

[Curmoodgeon]

Thanks for the info. Looks like there was no way to avoid seeing a cap gain on ECYT this year (good problem to have!)
And, thanks for the original tip! I bought into ECYT based on this thread (and, of course, subsequent research of my own).

 

[Sunset]

Yeah well, they got bought out, not shares for shares.

I took all my gains this year 2018 anyway so I can start fresh in 2019 and maybe get a ACA subsidy.

We are looking forward to hearing of more success, and of course the ideas you generate.

 

[Moemg]

Thanks Fermion ! Your tip gave me a nice Christmas bonus.