RobinHood race from $2,500 to $250,000

[ExFlyBoy5]

Can you please inform me how one can add Cryptos into an IRA? I'd like to get into the casino action too!

Thanks.

I don't think there is a mechanism for that, yet. I didn't have any accounts that would allow for trading DOGE, and it was quite a pain to get one set up since there was such a large demand over the last couple of weeks. I did finally get a Kraken account set up and it has worked pretty well.

As you realize that it is indeed a casino ride, you should be good to go!

 

[aja8888]

Thanks for the info folks.

 

[NgineER]

So what is going on with VNDA?

Saw the earnings report last night and the stock was taking off in after-hours, up about 10%. Today it was slowly dropping from +3% towards zero and then now a jump up 20% mid-day without any news that I can find. I'm happy, but confused about why the sudden mid-day jump.

 

[dirtbiker]

Hey Fermion, I took a hiatus from logging in here for about a year. Maybe I missed it, but what's your current balance?

 

[bobandsherry]

So what is going on with VNDA?

Saw the earnings report last night and the stock was taking off in after-hours, up about 10%. Today it was slowly dropping from +3% towards zero and then now a jump up 20% mid-day without any news that I can find. I'm happy, but confused about why the sudden mid-day jump.

Someone bought in big, over a million shares traded in 15 min span. Volume is already 9x the daily avg for last 10 days.

 

[Born2Fish]

So what is going on with VNDA?

Saw the earnings report last night and the stock was taking off in after-hours, up about 10%. Today it was slowly dropping from +3% towards zero and then now a jump up 20% mid-day without any news that I can find. I'm happy, but confused about why the sudden mid-day jump.

I took profits on my VNDA holdings 3 days ago.

See how that worked out for me!!

 

[bobandsherry]

I took profits on my VNDA holdings 3 days ago.



See how that worked out for me!! [emoji23] [emoji23] [emoji23]

Nobody ever lost money by taking profits. [emoji41]

 

[Sunset]

I took profits on my VNDA holdings 3 days ago.

See how that worked out for me!!

I had 87 orphan shares, which I sold yesterday.
Right BEFORE the big run up

I ended up with them as I bought them so cheap, I could only get 87

I still have a couple of lots, so hopefully a buyout appears at a high price

 

[NW-Bound]

Someone bought in big, over a million shares traded in 15 min span. Volume is already 9x the daily avg for last 10 days.

View attachment 37684

A perfect example on how large institutional investors are disadvantaged when their large trades move the price to their detriment.

As small individual investors, we can dash in or out to grab a few hundred shares without moving the price.

 

[Sunset]

A perfect example on how large institutional investors are disadvantaged when their large trades move the price to their detriment.

As small individual investors, we can dash in or out to grab a few hundred shares without moving the price.

Except if they bought calls prior to their large purchase, the calls would jump as well, and then they could sell out the calls while the price is high to compensate the stock price rise.

 

[brokrken]

I'm probably going to keep holding VNDA hoping for a buyout. You guys doing the same?

 

[Fermion]

Re the balance, I really screwed myself in Robinhood by buying similar stock in Roth and forcing a tax loss harvest in Robinhood. I essentially took a on purpose $15,000 loss in Robinhood and a $19,000 gain in my Roth on the same equity (Gilead) because of wash sale rules and having to sell before Dec 30.

So poor Robinhood balance is now fluctuating around $35,000 down from a high of $51,000 in November, but my Roth has hit $90,000 from $7,000 I rolled over to it about four years ago.

I am in Merck now in Robinhood and I have been on this train before. I fully expect Robinhood will drop down to the $25,000 range before shooting up to $75,000, all in the same year.

Vanda....I sold out way too early....grats guys. ITCI, Vanda, great plays...what do we think about SGMO still like it?

 

[brokrken]

what do we think about SGMO still like it?

I can't remember the exact reasons, but I remember really liking SGMO more than VNDA due to SGMO's impressive list of partnerships as well as their Board make-up. I'm holding strong on both. If SGMO gets into the $10s I'll buy more.

 

[Born2Fish]

I can't remember the exact reasons, but I remember really liking SGMO more than VNDA due to SGMO's impressive list of partnerships as well as their Board make-up. I'm holding strong on both. If SGMO gets into the $10s I'll buy more.

Thanks for the trigger!

I just bought more SGMO. Took profit last at $16.9. Time to reload.

 

[NgineER]

I'm probably going to keep holding VNDA hoping for a buyout. You guys doing the same?

I sold enough of SGMO, ITCI and VNDA to cover the cost of the shares I still hold, so will let them ride and hope for a buyout.

 

[Fermion]

I also just bought back into SGMO.

What this is is FOMO. I figure if we hit a home run on VNDA and ITCI, SGMO must be next.

 

[aja8888]

I also placed an order for SGMO. FOMO!

My covered call options on GM @ $55 expire today so I have some free cash!

 

[MuirWannabe]

Fermion,

Your thoughts on BLUE? You’ve mentioned it a couple times in relation to the upcoming March FDA review. You think it’s a total lottery pick?

 

[Fermion]

Vanda is probably one of the higher potential reward stocks in this recent purchase spree.

As mentioned, I had invested in them way back in (2014?) when they got approval for 24 hour sleep pattern disorder but had not been in the stock since then.

Interesting to me is their phase III drug Tradipitant (where do they come up with drug names?). It is being used to treat gastroparesis, which is really widespread. Sounds super great except they got into a spat with the FDA over animal testing (the FDA wanted a longer testing period for toxicity in a number of different animals). They actually sued the FDA. You know what usually happens when you sue the government? Yeah...you lose.

But anyway, it seems a number of patients that were taking Tradipitant for the max 3 month trial period allowed without the longer toxicity tests have appealed to the FDA to be allowed to continue taking it, calling it life changing. To me, if a drug is being clamored for by patients, and it isn't morphine based, that is a potential seller.

So they have revenues from two drugs of about 250 million a year, they eek out a small profit from this despite the other drug trials, they have over 300 million in cash, and they have a 500 million dollar market cap.

Yeah. Interesting for sure.

Digging back a little in time I see my first mention of Vanda on here when it was $9. I should listen to myself. We should have bought a lot more when it was $9 considering what the market cap was and that they were profitable.

 

[Fermion]

Fermion,

Your thoughts on BLUE? You’ve mentioned it a couple times in relation to the upcoming March FDA review. You think it’s a total lottery pick?

I like the idea that BLUE will take off but it sure hasn't.

I am holding 20 calls at $55 strike for August 2021 expiration in case they get approved in March but it could end up being a dud at least for this year.

It has traded in the $200 range awhile back. I am just looking for $75

 

[bobandsherry]

Strange to see people buy into SGMO. I've been holding shares since my $7 call expired in Jan and I took the shares at the peak of $16. In hindsight I should have just closed out the position and pocketed the money. But thought it still had some good fundamentals so held. It started to recover just a few days ago and dropped again. I'm still ahead of the game but as I keep seeing the price drop, now down 20% YTD, I've considered pulling the plug and put the profit in my pocket. Buy y'all buying has me now FOMO so guess I'll keep holding

 

[Fermion]

Strange to see people buy into SGMO. I've been holding shares since my $7 call expired in Jan and I took the shares at the peak of $16. In hindsight I should have just closed out the position and pocketed the money. But thought it still had some good fundamentals so held. It started to recover just a few days ago and dropped again. I'm still ahead of the game but as I keep seeing the price drop, now down 20% YTD, I've considered pulling the plug and put the profit in my pocket. Buy y'all buying has me now FOMO so guess I'll keep holding

I don't see anything wrong with SGMO but of course I didn't see anything at all wrong with Merck but the market sure seems to.

 

[bobandsherry]

I don't see anything wrong with SGMO but of course I didn't see anything at all wrong with Merck but the market sure seems to.

Not so much anything wrong per se. But there are other opportunities that may have better returns. Comparatively, while both MRK and SGMO have underperformed the market this year, MRK has done better than SGMO. And then ITCI and VNDA have done really well, well above SGMO and the market.

 

[brokrken]

I also just bought back into SGMO.

What this is is FOMO. I figure if we hit a home run on VNDA and ITCI, SGMO must be next.

Don't forget about STML

 

[brokrken]

Digging back a little in time I see my first mention of Vanda on here when it was $9. I should listen to myself. We should have bought a lot more when it was $9 considering what the market cap was and that they were profitable.

I'm in for 1000 shares at $9.33