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03-31-2021, 10:47 AM
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#641
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Recycles dryer sheets
Join Date: Feb 2018
Posts: 161
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Quote:
Originally Posted by Fermion
It is a tough market. BLUE didn't stay up very long and now is around $29 to $30. I guess the hold really needs to be removed for it to move up but the FDA is slow as heck nowadays.
CLSN did yet another offering today for 11 million shares at $1.3 which is just two months after doing a $35 million dollar offering. What the heck?
If you put a hypodermic to my head and forced me to choose something, I guess it would be VANDA at sub $15. With 2021 year end cash projected to be $400 million, positive growing revenue, and only a $800 million market cap, it still looks like the real long term winner.
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Since neither my BLUE nor my CLSN put options sold, I went for the VNDA. $14 4/16 put earns $40, so over 2.5% for under a month. I’ll take it - looks like I can profit selling calls if it ends up getting assigned, also.
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04-29-2021, 03:50 PM
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#642
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Recycles dryer sheets
Join Date: Feb 2018
Posts: 161
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Ugh. MRK after hours. :—(
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04-29-2021, 04:28 PM
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#643
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Thinks s/he gets paid by the post
Join Date: Nov 2015
Posts: 2,691
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Quote:
Originally Posted by RVplusDog
Ugh. MRK after hours. :—(
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After hours ? That looks good as it's up (34 cents) compared to the dump it took right out of the open today (down $3.41).
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04-29-2021, 05:24 PM
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#644
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,006
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Retitling RobinHood race from $50,000 to $5,000
Biotech getting just beat up and they can't juice everyone on prices like the lumber companies can. Gilead is just giving away stuff now.
Oh well. I will just consider it my charitable contribution.
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04-30-2021, 06:59 AM
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#645
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Thinks s/he gets paid by the post
Join Date: Nov 2015
Posts: 2,691
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Quote:
Originally Posted by Fermion
Retitling RobinHood race from $50,000 to $5,000
Biotech getting just beat up and they can't juice everyone on prices like the lumber companies can. Gilead is just giving away stuff now.
Oh well. I will just consider it my charitable contribution.
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Lol, looks like covid has taken focus off of non-covid related biotech stuff. The speculative stuff has been sucking the bottom of the pond, quality stuff has really done well thankfully. And thankfully the speculation stuff was all side bets, still enough to buy a decent steak [emoji3052] dinner. Lol.
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05-20-2021, 10:46 AM
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#646
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,008
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Quote:
Originally Posted by Fermion
It is a tough market. ....
CLSN did yet another offering today for 11 million shares at $1.3 which is just two months after doing a $35 million dollar offering. What the heck?
If you put a hypodermic to my head and forced me to choose something, I guess it would be VANDA at sub $15. With 2021 year end cash projected to be $400 million, positive growing revenue, and only a $800 million market cap, it still looks like the real long term winner.
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Due to the warning of not meeting listing requirements, I finally acted.
I sold off all my tiny amounts of CLSN in IRA's , keeping just the regular account CLSN.
Thankfully I had sold some calls on it, so my basis was 0.40
Since it's just play money, I made enough for a few lunches.
Do folks think CLSN will go back up or die off ?
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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06-07-2021, 08:15 PM
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#647
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Thinks s/he gets paid by the post
Join Date: Nov 2015
Posts: 2,691
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It's been quiet in here.
Quote:
Originally Posted by bobandsherry
I did pick up June calls for MRK, but went with $75 strike @$4.51 as that seemed slightly richer up to the $90 share price. If it goes over $90 I'll still be happy.
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I decided to bail out of MRK a mid May as options were in the money. I was hesitant that it would pop further, but unless this turns around soon it looks like I may have gotten lucky for once as it's now down to $72.80. Or maybe it pops before expiration, but I'm OK with putting profits in my pocket.
I also finally got my ITCI assigned. It was OK. I had made a great return and felt the time was right to move on to something else. I'm out to SMGO and VNDA. What y'all been up to?
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06-08-2021, 08:33 AM
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#648
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Full time employment: Posting here.
Join Date: May 2017
Posts: 797
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I'm still holding SGMO and VNDA at $10.06 and $9.33 cost basis, respectively.
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08-03-2021, 02:23 PM
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#649
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Thinks s/he gets paid by the post
Join Date: Nov 2015
Posts: 2,691
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Quote:
Originally Posted by Fermion
Retitling RobinHood race from $50,000 to $5,000
Biotech getting just beat up and they can't juice everyone on prices like the lumber companies can. Gilead is just giving away stuff now.
Oh well. I will just consider it my charitable contribution.
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Curious..... haven't heard in a while.... How's the race going?
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08-03-2021, 03:32 PM
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#650
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,006
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Quote:
Originally Posted by bobandsherry
Curious..... haven't heard in a while.... How's the race going?
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I sort of stopped trading. Problems with Robinhood and some tax issues. I have switched the same investments over to a Roth but it is taking some time to move the investments without wash sale issues. I was down about $15,000 from the peek due to problems with Merck and Gilead, so that is kind of sad.
I should have done this in a Roth from the start, I just never figured out it would get in the way of my ACA subsidy and all.
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08-03-2021, 05:03 PM
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#651
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Thinks s/he gets paid by the post
Join Date: Nov 2015
Posts: 2,691
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Quote:
Originally Posted by Fermion
I sort of stopped trading. Problems with Robinhood and some tax issues. I have switched the same investments over to a Roth but it is taking some time to move the investments without wash sale issues. I was down about $15,000 from the peek due to problems with Merck and Gilead, so that is kind of sad.
I should have done this in a Roth from the start, I just never figured out it would get in the way of my ACA subsidy and all.
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Thanks for the update.... I wish ya the best.
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08-06-2021, 12:27 AM
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#652
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,857
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This is one of the reasons I left Robinhood. I enjoy their app, but they don’t offer Roths and I don’t enjoy paying taxes unnecessarily.
Now I use Fidelity, which for trading works, but their UI isn’t nearly as good, especially for options.
__________________
Eat, Drink and Be Merry.
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08-06-2022, 10:05 AM
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#653
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,537
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Hmm, one year since last post on this thread. It was one of my favorites while everyone was active. Hopefully you have all moved on to something interesting. Strange times.
__________________
-Big Dawg-FI since 9/2010. Failed ER in 2015. 2/15/2023=DONE! "Blow that dough"-Robbie
" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
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