I am astonished by the number of posts regarding my selling of shares. Amazing. The story of Celsion and ThermoDox is much bigger than my, relatively small position in Celsion. Others on this board have million dollar positions, not just a few hundred grand.
Did I sell a large portion of my portfolio over the past couple of days? Yes. I think it was a prudent move. You many disagree. Well, ask yourself this question. If you made between $200,000-$300,000 in profits would you risk it all in front of a binary event? I seriously was thinking about doing so.
What changed my mind? Maybe nothing significant but to me it bothered me and I wrote about it. I did not like the cancellation of the Cowen Healthcare conference and Celsion's belated reason that it was due to a double-booking oversight with a previously scheduled Board of Directors meeting. I gave my reasons. I intially sold on the news, bought back later in the day, but when the pps started dropping the next day I sold quite a few shares.
I did not try to hide this. Some for whatever reason claim I deceived people or I only announced that I sold shares after the market closed. Nonsense. I told people about it just before noon today, at 11:59 AM to be exact. Look it up. Here is what I wrote:
"Yes, I have taken a lot of the table. I have been lucky here. I bought in after a major dilution and after the largest shareholder, Mangrove, (Nate August) sold everything. My first buy-in was 72,000 shares at around 1.75 per share and took 5-6 hours to complete."
Since I want to keep most of my profits even under the worst case scenario I recently decided to take a lot off the table. I looked forward to doubling or tripling my profits; however, I, rightly or wrongly, have become a tad bit suspicious. A week ago I thought successful results were in the 95+ percent range. Now, with the cancelled HC conference questions, which are likely to be non-issues, my confidence is down to the 70-80 percent range. I don't like those odds. Crazy, I know. But I try to bet only on "almost" sure winners."
I continue to think the chances are great the results will be positive. I will likely buy back in on any pullbacks, dependiing on the results. I look forward to positive results and making even more money. Someday I hope to be in the league of dmlongk etc. Also, for personal reasons I want to see how well the model performs, and award winners their excellent wine.
Here is to great results.
Cheers and GLTA longs.
you didnt make 200-300k, you mesmerized the board members into giving you their money as you sold them false hope shares. It is their money in your bank account
Sentiment: Strong Sell
Davis, you do what you feel is in your best interest. You did not need to tell us anything about your trading. Twice over the last week I put in orders to sell 100 or 200 deep in the money calls but never hit the send button. We all have different situations and expenses. I have two kids in college and a house that needs some work. I go into this with the same size position that I have had for years now. I sold stock and took my basis off the table and purchased leap 4's and 5's. If this stock goes up I will not have enough and if the heat trial fails I will have too much. Time will tell ....I have cash to convert my options back into stock and plan on holding many shares for a long time. I hope that everyone does well and is happy with their positions and profits. EVERYONE MUST TAKE CARE OF THEIR OWN SITUATION . GOOD LUCK TO ALL !!! BEST FROM WEST !!!
Sentiment: Strong Buy
ignore the haters... you have been a good sport and contributed to this board... you have always put it out front for everyone to see and we can't ask more than that... i sold about 1/3rd of my position back in December... it is only prudent to do so after getting very good market gains... don't feel bad about it at all... take care and enjoy the day with your remaining shares... i will say it one more time... i would dearly love for your most extravagant models to be correct... i hope you get to say "i told you so" today... 56-12... fingers crossed... but anything 16-12 and above is just fine too... ;-)
I made 200K profits in 6 months span by investing 60K on GMCR, FSLR, HLF that is it.
Plenty of stocks are there to make money. One should not sit with just one stock on binary event. Dcup did good thing. Alwways one can buy very potential stocks even it jumps 100%. Lets us hope CLSN wins for the shake of curing cancer.
Loosing hard earned money by not realizing is so stupid thing.
Sentiment: Strong Buy
You would be insane to not do something that you are 100% comfortable with. Your models are genuine effort, your contest and give aways are in good spirit, and losing your nerve when getting dubious explanations like conference cancellations because of some board meeting many weeks out are honest reactions given the amount of money involved.
You dont owe us anything more than sharing your valued opinion. Dont let unfair criticism bother you and make you withdraw from sharing your thoughts. I hope to know about your next investment choice and I believe you will leave a trail from here.