$107 now and climbing fast. Are you fools still holding???
The longer you hold, the more you'll lose. That was my guarantee to you since the 90's.
Lesson: Never, ever short a low-floater when it hits new highs or long it when it hits new lows.
PBYI will NEVER AGAIN trade under 100 before it hits 130's first.
The best part is that you have not had to pay a penny of tax on that 90 grand. Hopefully, it will continue to appreciate, compounding your gains taxfree. At this point, having held it for over a year, you could also begin to cash in your gains and, depending on your tax bracket, pay little or no federal tax on them. This is the only way the retail investor makes real money in the market. Note that if you had bought Celgene stock at the beginning of 2000 and held it, you would have multiplied your money 28 times without ever having to pay any federal taxes on that gain. If you had bought Gilead at the beginning of 2000 and held it, you would have multiplied your money 48 times, essentially taxfree.