Fermion
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Fermion - GILD < $69/share. Good time to nibble?
Yes, I nibbled...more like chomped...I bought 2000 shares at $68.90 today
Fermion - GILD < $69/share. Good time to nibble?
Yes, I nibbled...more like chomped...I bought 2000 shares at $68.90 today
What's your guess? Market seems to have lost confidence and indicating earnings won't be good.I have enough risk right now with my ITCI covered call play. August 10 is the date for their earnings so we will see if lady or the tiger.
What's your guess? Market seems to have lost confidence and indicating earnings won't be good.
Yep - 2000 shares is a CHOMP!!
I bought 300 shares around the same price. Grabbed 100 more at $68.81 before market close.
I don't know...so hard to predict. Look at Sangamo...it went to $9 something a few days ago then at earnings went to $12.50...does the market know anything anymore?
I only bought these for a trade, not a long term hold, so may dump soon (even today if the Pfizer deal gives it a bit of a pop).
My goal is to hold zero biotech going into these elections and then see what happens.
There is a pretty strong backlash against any type of profit made off of the virus from biotech, even though it seems to be ok for other companies to make big profits from increased streaming, online sales, etc. It makes it very risky to hold some of these pharma.
That pop yesterday was enough encouragement to unload. Now watch it go to $15 I put that money to work in RKT, has paid off so far.
Anyone know why GILD Is going down? We’re there any bad news ?
Ok, I got back into a August ITCI covered call play.
This is more dangerous (exciting?) because it will encompass an earnings, which I think might miss a bit because of COVID.
The call premiums were juicy though, with a $24 August 21 strike selling for $4.4 with the stock at $22.
So a net debit of $17.60 and a potential profit of 36%, or $12,800 with $35,200 at risk.
Who knows, it might go sour this time.
So far this has been a *ok* play. Not quite as good as last month when I was just barely called away, but it is still a profitable trade right now.
The calls have dropped down to essentially $0 in value and the stock has fallen $3, so there is still a net profit there of $1.4.
The question now is do I take the $2,800 in profit and pack things up before election or do I sell September calls against the stock after the August calls expire worthless?
GILD share price continues its downward spiral.
I sold half my shares at $69.4 for a small profit but given "negative" news reports recently I'm having a hard time buying more at today's bargain level. I don't want to hold pharma shares through the upcoming election.
Do they need a change in management? Thoughts?
I don't know if they need a change in management or the world needs a change in the way drugs are valued. It is kind of hard to grasp that a company who is making drugs to treat HIV and COVID is trading at PE10 and a car company is trading at PE1000.
I don't know if they need a change in management or the world needs a change in the way drugs are valued. It is kind of hard to grasp that a company who is making drugs to treat HIV and COVID is trading at PE10 and a car company is trading at PE1000.
Definitely crazy isn't it? It's all about future earnings, but hell, a long way to grow profits just to justify today's values.
Bob, at what strike and premium?
I just did the same, but only got $2.25. Cost basis down to $15.55.