Thank you so so much. I knew this would run into the spring but I didn't expect this much. Insane run despite all those outstanding shares, huge float. Anyhow, huge huge gain locked in.
Will begin to reload at $4 and maybe $3 if it gets that low. I will sell just before PDUFA. I can't risk yet another CRL surprise.
to all the naysayers. I too bought in but at 2.00. Sold 40% today at 5.14. Still have 60% that is on the house. to those who talk about the tax issue (pfg_01) remember that bulls and bears get rich and pigs get slaughtered. My great grandmother always said that paying taxes was a good thing because it meant you made money. A bird in the hand is worth two in the bush. take your pick, but why attack someone for making a profit?
Sentiment: Strong Buy
You know what is funny about this post, this individual first stuck themself with have to pay the higher tax rate for a short term gain in this was done in a non retirement account. In addition, if this individual had really wanted to maximize their profits, and was still planning to take gains before the trial announcements they would of done two things: one bought 2015 call options which to date would of return over a 300-400% gain instead of just the 190% gain taken, plus the individual would of waited and sold during the first part of July.
Why July, because that is the start of a new quarter, and there will be many hedge funds/institutions that wait to increase and take a position until then. So this individual does not seem to be too sharp at undestanding how to maximize their profit while minimizing their risk. So I would question why an individual like this would be bragging about totally cashing out of their position at such an inappropriate time. I am happy this individual made money, but boy IMO do they seem to have left a lot of potential profit on the table.
pfg_01, plenty of time for MNKD so enjoy the trading. Enjoy the shorts squirming about. It means whenever you buy the dip, rest assured that dip recovers. That's why I love buying into the PDUFA runup. Guaranteed every dip will be bought. Don't get stuck holding the bag though.
No bragging here but I love exchanging ideas with traders. I learn a lot from you guys. Especially stock tips.
Thanks to whomever told me about GALE, DNDN, HGSI, ARNA, MNKD, QCOR, SRPT. I would have never come across these if it were not for these boards.
1 brokerage account, 1 traditional IRA, and 1 nonprototype 401K account. I day trade with all 3. No taxes on last 2. You can bet your bottom dollar I will book profits, especially in my retirement accounts.
The only time I sold because of taxes was for ARNA at end of 2012 to lock in lower capital gains rate vs 2013 at a cost basis of $1.50. I got right back into ARNA in January 2013 at a higher cost basis.
Otherwise not selling because of taxes is the absolute worst excuse not to book a profit. Giving back 25% on a very big number is much better than 0% on a big loss.
I have no problems paying taxes on a huge gain. Why? It's money that I did not have 6 months ago! $1.90 to $5.05 baby! Yeah! I'm not talking about 1000 shares or 10,000 for that matter either.
some fair pts
that said we all have different goals and targets
his was met and will buy lower if the opportunity presents itself which it might - i think odds are low this gets back to 4 or under but crazier things have happened
2 words : bear raid
There is absolutly nothing to suggest a pull back to $4 or $3...they will put out annoucements confirming completetion of Affinity 1 and Affinity 2 and the stock will be off to the races.